Burgundy Prices Shatter High Estimates in Celebration of Burgundy Auction; 100% Sold $4.1 Million

DRCHart Davis Hart, America’s #1 Wine Auction House in 2012 and 2013, continues its strong lead through the fi rst half of 2014 with a 100% sold May sale, posting $4.1 million in sales against a pre-auction estimate of $2.6-$3.9 million. The sale was the world’s only auction this year devoted exclusively to Burgundy, and featured one of the largest offerings of Burgundian wines to date.

With a catalog that read like an encyclopedia of the region’s fi nest wines, HDH’s A Celebration of Burgundy auction presented bidders with opportunities to win wines from all of their favorite Burgundian producers, from d’Angerville to de Vogüé. Over half of all lots exceeded their high estimates, many of which achieved record prices. As in the past, bidders showed incredible enthusiasm for the sale’s wide array of lots from the Domaine de la Romanée Conti. Spanning 28 vintages and encompassing all of the domaine’s pristine vineyard sites, the sale’s offering of DRC achieved a total of over $1.5 million, claiming all ten of the sale’s top lots. The most impressive lots of the day included a magnum of 1971 Romanée-Conti which shattered its presale high estimate with a sale price of $35,850 (est. $16,000-24,000), as well as 4 bottles of 1990 La Tâche that earned $21,510 (est. 11,000-17,000). The top lot of the day was an exquisite full case of 2009 Romanée-Conti which sold for a total of $155,350—nearly $13,000 per bottle (est. $110,000-170,000).

The saleroom at Chicago’s award-winning TRU Restaurant was bustling with determined bidders as well as special guests Chef Johan Bjorklund from Bistro de L’Hôtel de Beaune, Charles Van Canneyt of Hudelot-Noëllat, and Pierre Rovani of Remoissenet. Van Canneyt and Rovani each were present to represent the sale’s magnifi cent offerings of rare Hudelot-Noëllat and Remoissenet wines direct from the estates’ cellars. Attendees in the room happily sampled fl ights of renowned Hudelot-Noëllat wines while witnessing 3 magnums of the Domaine’s 2012 Richebourg sell for $5,736 (exceeding an estimated high
of $4,800) and a Jeroboam of the same wine achieve an impressive $4,780 (est. $2,400-3,500). Wines from Lefl aive, Leroy and Rousseau saw similarly high demand. In fact, a number of lots from these producers sold for over twice their presale high estimates, including 6 bottles of 2009 Rousseau Chambertin which sold for $15,535 (est. $5,000-7,500) and 6 bottles of Leroy 2009 Romanée-St.-Vivant which sold for an astounding $19,120 (est. $6,000-9,000).

Bidders in Chicago competed vigorously in the sale with absentee bidders throughout the country and world. Truly a global sale, the auction included participants from 31 states, as well as Australia, Belgium, Brazil, Canada, China, France, Hong Kong, Japan, Macau, Norway, Puerto Rico, Singapore, South Korea, Switzerland, Taiwan, and the United Kingdom.

“We were thrilled to see the excitement and passion shown for Burgundy this weekend at both the auction and pre-sale events,” remarked CEO Paul Hart. “Demand for Burgundy is at all all-time high, and buyers from around the globe proved today that they are clearly willing to pay remarkable prices for the region’s top wines.”

Top Lots by Price (inclusive of 19.5% buyer’s premium):
Lot 225: 2009 Romanée-Conti, Domaine de la Romanée-Conti (12 bs) (est. $110,000-170,000) $155,350
Lot 221: 2008 Romanée-Conti, Domaine de la Romanée-Conti (6 bs) (est. $45,000-65,000) $65,725
Lot 596: 1990 Domaine de la Romanée-Conti Assortment (12 bs) (est. $28,000-42,000) $50,190
Lot 835: 2000 Romanée-Conti, Domaine de la Romanée-Conti (3 bs) (est. $22,000-32,000) $41,825
Lot 226: 2009 La Tâche, Domaine de la Romanée-Conti (12 bs) (est. $28,000-42,000) $38,240
Lot 232: 2010 La Tâche, Domaine de la Romanée-Conti (12 bs) (est. $30,000-45,000) $38,240
Lot 599: 1999 Domaine de la Romanée-Conti Assortment (12 bs) (est. $26,000-38,000) $35,850
Lot 820: 1971 Romanée-Conti, Domaine de la Romanée-Conti (1 mag) (est. $16,000-24,000) $35,850
Lot 970: 2006 Romanée-Conti, Domaine de la Romanée-Conti (3 bs) (est. $24,000-35,000) $33,460
Lot 594: 1976 Domaine de la Romanée-Conti Assortment (12 bs) (est. $16,000-24,000) $31,070

Sale Stats: Percent sold by lot: 100% | Total Aggregate: $4,080,997
Low Pre-Sale Estimate: $2,609,790 | High Pre-Sale Estimate: $3,913,920

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