A single bottle of Screaming Eagle Cabernet Sauvignon from the California grower’s 1997 vintage, its most expensive since 1992, sold for $3,936 at a New York sale this month as demand for rare wines pushed prices higher.
At Christie’s International’s first New York wine sale of the year on Jan. 25, Krug Grande Cuvee champagne will flow in the presence of Old Master paintings to inspire buyers to bid big, or so the auction house hopes.
Vintage Wine Estates, based in Santa Rosa, California, said it bought Clos Pegase Winery in the northern Napa Valley, adding to properties it owns in the state including Windsor Vineyards, Girard Winery and Ray’s Station.
Wine sales at the world’s five biggest auction houses fell by a quarter to about $160 million in the first six months of 2012 as lower prices for top growers combined with investor caution sparked by the economic slump.
Two magnums of Romanee-Conti 1988 Domaine de la Romanee-Conti Burgundy sold for $39,360 at an Acker Merrall & Condit auction, taking top slot ahead of a case of Chateau Lafite-Rothschild 1982 and wines from Harlan Estate.
Three magnums of Romanee-Conti 2001 Domaine de la Romanee-Conti Burgundy were top lot at an Acker Merrall & Condit wine auction in New York last week, fetching $61,500, while a case of La Tache 1978 sold for $59,040.