20 Mar Report on Summer Online Auction & Announcing Next Live Auction
While broader economic indicators presented a mixed bag, wine market in March showed optimism for price stability, overall our auction results of first quarter 2024 showed some improvement compared to the previous quarter.
Our Summer Online Auction concluded on 3rd of March offered some top quality lots that generated new records.
For the first time, the highest hammer win went for two Scotches: both 1995 The Dalmore Castle Leod Home of Clan Mackenzie Single Malt Scotch Whisky and Glenfiddich 21 Year Old Single Malt Scotch Whisky in Wedgwood Decanter sold for $1175.*
Burgundy delivered yet another solid performance, 1988 Domaine Jean Grivot Richebourg Grand Cru scored $987, and 2012 Domaine Anne Gros Le Grand Maupertui Clos de Vougeot Grand Cru sold for $470, 2013 Domaine Alain Hudelot-Noellat Clos de Vougeot Grand Cru reached $411.25 while 2001 Domaine Jean Grivot Vosne-Romanee Aux Brulees 1er Cru sold for $329.
Another category often sees stable ROI regardless of the broader economic performance is undoubtably Bordeaux and Bordeaux blends from high quality regions around the world. In this past auction, 1983 Chateau Palmer 3eme Cru Classe sold for $940 and 2013 Destiny Bay Magna Praemia reached $376. We had quite few “big lots” featuring beautiful 6-bottle OWC with 2018 Stonyridge Vineyard Larose selling for $1057.50, followed by 2013 Te Mata Estate Coleraine at $987.
Some other highlights include 1990 Chateau de Beaucastel Hommage a Jacques Perrin Chateauneuf du Pape scored $987, 2008 Jim Barry Armagh Shiraz sold for $329, and 2007 Egon Muller Scharzhofberger Riesling Spatles got snapped up at $293.75, great buys.
All prices include Buyers Premium but exclude GST.
Our next auction will be a Live sale at Caro’s Wines 14 Mackelvie Street, Grey Lynn from 6pm on 2nd of April. The Full catalogue has already been published, be sure to register and place your absentee bids soon to increase your chance of winning! As usual, this auction will be streamed live on auctions.wineauctionroom.com and absentee bids are welcome before and during the auction.