16 Jun Report on winter live auction & announcing the next online auction

Thanks to our wine community supporters and all the online bidders, our Winter Virtual Live Auction which concluded a week ago was another success. Despite being a virtual auction in the beginning of winter, the enthusiasm among our bidders really “heated up the room”.

The global fine wine market experienced a slight downturn (-0.47%) in May, indicating a temporary correction phase after a sustained rally from mid-2020 to 2022-end. Key wine regions like the USA and Burgundy experienced declines, while the Italy Index enjoyed a modest gain, suggesting that while demand remains there is an increased sensitivity to prices among buyers.

Our recent auction echoed the global trend, and we trust the downturn paves way for fresh opportunities amidst economic shifts.

2006 Masseto Tenuta dell’Ornellaia took the highest hammer win at $1762.50, followed by 1994 Bodegas Vega-Sicilia Unico Gran Reserva at $1292.50. On a sweeter note, 2001 Chateau d’Yquem also sold at $1292.50 and 2003 Quinta do Noval Porto Vintage Nacional scored $1175.

We had quite few big formats from various regions in this auction which are great for long term investment and/or special occasion. Few highlights including 2006 Chateau Mouton Rothschild 1er Cru Classe 3000ml scored $4230, 2001 Paul Jaboulet Aîné La Chapelle Hermitage 3000ml sold for $940, and 2003 Antinori Tignanello 1500ml sold for $705. From home, 2007 Craggy Range Sophia 5000ml sold for $752.

Rhone was the star region of this auction, 2005 E. Guigal La Mouline led the show at $963.50, 2007 Chateau de Beaucastel Chateauneuf du Pape Hommage à Jacques Perrin followed at $869.50 and 2007 Domaine Pegau Cuvee Da Capo Chateauneuf du Pape sold for $822.50; 2000 M.Chapoutier Ermitage Le Pavillon sold for $423 and its 1995 vintage got snapped up at $376, great buys!

From Syrah to Shiraz, 2000 Penfolds Grange Bin 95 magnum reached $1292.50, its 2005 vintage sold for $681.50, and 2001 Torbreck RunRig achieved $376 while 2012 Penfolds St Henri sold for $152.75.

Bordeaux blends across all regions had the highest sell-through rate in multi-bottle lots. Both (4-bottles) 2006 Chateau Ducru Beaucaillou lot and (6-bottles) 2010 Chateau Gazin lot sold for $1128, while both (2-bottles) 2009 Les Forts de Latour lot and (2-bottles) 2000 Chateau Lynch Bages lot sold for $752. (6-bottles) 2003 Stonyridge Vineyard Larose lot sold for $846 and (6-bottles) 2016 Te Mata Estate Coleraine lot sold for $775.50.

All prices include Buyers Premium but exclude GST.

For those who just want to grab a few bottles of something nice on the go, don’t forget to check out the latest arrival to our everyday retail selection at www.wineretailroom.co.nz. Apart from our carefully curated wine selection, we also offer niche whisky, premium glassware and harder-to-find wines.  Our boutique selection offers items to suit all tastes, pockets and occasions.

Our next auction will be an online event from midday Wednesday, June 21st to 7pm Sunday, July 2nd. The auction catalogue has already been published, be the first to access the full catalogue today viaauctions.wineauctionroom.com.