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.
Over the weekend in luxurious corners of California’s wine country, the annual Auction Napa Valley raised a record $18.7 million for local charities, including Queen of the Valley Medical Center where co-chairman Kary Duncan was treated for a broken leg earlier this year.
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.
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.