An assorted case of 1999 Domaine de la Romanee-Conti Burgundy sold for 25,850 pounds ($43,950) at a Sotheby’s wine auction in London, making it top lot in a sale also dominated by Bordeaux Pomerol producer Chateau Petrus.
Domaine de la Romanee-Conti 1990 Burgundy and Chateau Lafite Rothschild 1982 Bordeaux led a $2.67 million wine sale by Heritage Auctions in California, with Chateau Mouton Rothschild also prominent in the bidding.
Wine from Bordeaux first-growth producers Chateau Latour and Chateau Lafite Rothschild and Burgundies from the 1990s including Romanee St. Vivant are set to lead a sale held by U.S.-based Heritage Auctions this week.
Three cases of 2002 Chateau Latour, a first-growth wine estate in the Pauillac district, sold for 3,250 pounds ($5,445) each, the lowest level in four years and another sign that buyers are more interested in older Bordeaux.
Mature vintages dating back to the 1990s from top Bordeaux estates are among wines offering the best opportunities for gains after a three-year market slump, according to a manager at The Wine Investment Fund.
A case of 2003 Chateau Latour, a Bordeaux first-growth wine estate, sold for 7,350 pounds ($11,190) on Liv-ex, marking a 5 percent gain from this year’s February low while remaining within its 2013 trading range.
Bordeaux estates Chateau Pichon Longueville Comtesse de Lalande and Chateau Ducru-Beaucaillou released prices for 2013 wines in the past week, confirming growers’ resolve to hold close to 2012 levels amid low yields.
Pan Sutong proudly displays the 4.5-liter jeroboam of 1900 Chateau Latour he uncorked on Dec. 8 after his two thoroughbreds placed first and second in their respective races at the Hong Kong Jockey Club.