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Hart Davis Hart Sells Record Number of Lots for $4.7 Million

HDH remains #1 Auction House in the United States
World Record Prices Achieved for Burgundy and Italian Wines

  

(October 28, 2013 - Chicago, IL) - Hart Davis Hart concluded another strong auction this weekend, selling more lots in a single sale than at any other auction in the company’s history. The two-day event, which was held at Chicago’s TRU Restaurant, saw 2,064 lots auctioned and more than $4.7 million realized in aggregate sales. These results put HDH’s auction business up 32% in 2013 (YTD) from the same period last year, making it the leading company in wine auction sales in the US. This year, more wine has been sold at HDH Chicago than at any other auction venue in the world.

“There was incredible participation from enthusiastic collectors worldwide,” said Paul Hart, CEO. “We experienced the largest number of successful bidders in our history and were thrilled by the turnout.”

Bidding for Burgundy remained strong as collectors from Asia, South America and the US competed for top bottlings. A case of 1996 Chambertin, Armand Rousseau (est. $10,000-$15,000) sold for $21,510, establishing a new world record. Bidding for 1991 and 2000 La Tâche, Domaine de la Romanée-Conti (12 bottle lots) also remained strong, netting $28,680 and $23,900, respectively. Single bottle lots of 1985 and 2009 Romanée-Conti, Domaine de la Romanée-Conti also sold for $11,950 each.

Offerings of top Italians wines from Bruno Giacosa, Giacomo Conterno and Angelo Gaja sparked intense interest and achieved strong prices throughout the two-day auction, with many soaring above their high estimates. A case of 1989 Barolo Riserva, Collina Rionda, Bruno Giacosa (12 bs) (est. $10,000-$15,000) smashed its estimate, selling for a world record price of $21,510. A case of 2004 Masseto, Tenuta dell’Ornellaia (12 bs) (est. $6,000-$9,000) also set a world record, achieving $11,950. An eleven bottle offering of 1971 Barolo Riserva, Monfortino, Giacomo Conterno (Est. $9,500-$14,000) sold for $17,925, an astounding price for a wine that is not often seen among top sellers.

Eager private and trade bidders participated in the saleroom, on the telephone, and via live internet bidding, hailing from 37 states and the District of Columbia as well as Australia, Belgium, Brazil, Canada, China, Colombia, Germany, Hong Kong, Israel, Japan, Macau, Mexico, Norway, Puerto Rico, Singapore, South Korea, Spain, Switzerland, Taiwan and the United Kingdom.

“We are thrilled about the continued momentum of our fall season. Market conditions are excellent for sellers with historically high prices and more buyers than ever are participating.” Hart added.

Top Lots by Price (inclusive of 19.5% buyer’s premium):
Lot 1678: 2006 Romanée-Conti, Domaine de la Romanée-Conti (3 bs) (est. $22,000-$32,000) $31,070
Lot 1060: 1991 La Tâche, Domaine de la Romanée-Conti (12 bs) (est. $24,000-$35,000) $28,680
Lot 1493: 2000 Château Le Pin (3 mags) (est. $22,000-$32,000) $26,290
Lot 1820: 2000 La Tâche, Domaine de la Romanée-Conti (12 bs) (est. $15,000-$22,000) $23,900
Lot 1496: 2005 Château Cheval Blanc (1 mel (18L)) (est. $20,000-$30,000) $22,705
Lot 1125: 1996 Chambertin, Armand Rousseau (12 bs) (est. $10,000-$15,000) $21,510
Lot 1282: 1989 Barolo Riserva, Collina Rionda, Bruno Giacosa (12 bs) (est. $10,000-$15,000) $21,510
Lot 1732: 1995 Château Pétrus (12 bs) (est. $15,000-$22,000) $21,510
Lots 19, 792: 2000 Château Lafite Rothschild (12 bs) (est. $14,000-$20,000) $20,315
Lot 1480: 2007 Château Pétrus (12 bs) (est. $11,000-$17,000) $20,315

Percent sold by lot: 100%
Total Aggregate: $4,701,638
Low Pre-Sale Estimate: $3,123,230
High Pre-Sale Estimate: $4,657,010

 

Auction Calendar
December 13 & 14, 2013
February 8, 2014
March 22, 2014