Assuming you purchased these on or near release, you stand to net quite a profit from the wines on this list. Here are the top 5 wines that have been doing very well in the auction market lately. If you have some languishing in your cellar, it may be time to think about selling.
- 1990-1991 Red Burgundy: If you’ve got any Grand Cru from Rousseau, Dujac, Roumier or Mugnier lying about, chances are you are already aware of their value. Still, they are higher than ever and are in increasing demand. Bidding on these lots is always very active. The jump in price over the last few years has been astronomical—in many instances quadrupling their value from 6 years ago!
- 2000 Red Bordeaux: Oh the fervor these caused when they were first released. The prices were considered to be ridiculously high—and historically they were. However, the backlash never happened and now, next to the 2009s and 2010s, the “outrageously expensive” 2000s are a relative bargain. Currently, the market for the classified growths and the top wines of the Right Bank are solid and gaining a bit of momentum. Our last auction saw most of the prices for this category fall near the high estimate.
- 1994 Red Bordeaux: A vintage that has always been overshadowed by the 1995s. We’ve seen a resurgence of interest lately. Perhaps this is from buyers who were getting priced out of the 1995s and 1996s, but also because they are drinking well now. Prices in 2013 for all the cases of1994s we’ve sold here at HDH have averaged near the high estimate.
- Angelus and Troplong-Mondot: These are two wines that have been performing well at auction all year—especially in classic Right Bank vintages like 1989, 1998 and 2000. Where did this new interest come from? Not sure really. Angelus has been a perennial favorite for years, but has recently come on much stronger lately in the auction room. Troplong-Mondot has never really been a big price-getter at auction until this past year where we’ve seen hammer prices regularly hitting the high estimate.
- Large format Dominus. This past year has been a good one for Californian Cabernet at auction. Many wines are consistently doing well like Abreu, Screaming Eagle, and 90s Opus One. I was a bit surprised to see how well the Dominus was doing, especially in large format. Hammer prices have been consistently in the mid-to-high range for bottles and magnums, but at the high or above for the double-magnums and imperials.