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Global Market Explodes with Huge Prices for DRC, Lafite, Pétrus, Harlan, and More as Hart Davis Hart Sells 100% of Lots for $3.5 Million

Chicago Bests Hong Kong as Hammer achieves 154% of low estimate,
the highest percentage in the history of Hart Davis Hart

  

(February 1, 2010 - Chicago, IL) - Hart Davis Hart achieved exceptional results this weekend in Chicago, realizing $3,540,032 against a pre-sale auction estimate of $1,926,900- $2,880,830. Collections of DRC, Lafite, and Pétrus brought intense bidding with many prices skyrocketing over the high estimate. A case of 1982 Château Pétrus (mags) more than doubled the high estimate, bringing $71,700 against an estimate of $24,000- $35,000. Five bottles of the rare 1991 Romanée-Conti commanded $47,800 against an estimate of $18,000-28,000.

Eager bidders participated from 41 states, the District of Columbia and Puerto Rico, as well as Australia, Belgium, Brazil, Canada, China, France, Germany, Japan, Mexico, Norway, the Philippines, Singapore, Switzerland, South Korea and the United Kingdom. A live internet bidder from the US was the largest buyer of the day as hdhlive.com continues to grow in popularity.

"We at Hart Davis Hart have chosen not to limit our efforts solely to Asia. To be the best wine auction house in the world, we must serve every corner of the globe with the same high standards. The US, Europe, South America, and Asia are all equally critical markets. We believe that anything else would be a disservice to our global buyers and to the detriment of our consignors. The results today were truly driven by global demand," commented Chairman, John Hart.

“The success of the day went beyond DRC and Lafite as prices across the board were strong from every category, region and price point. The outpouring of bids from around the globe was the strongest we have seen. More bidders participated in this auction than ever before,” remarked CEO Paul Hart.

Top Ten Lots (inclusive of 19.5% buyer's premium):
Lot 456: 1982 Château Pétrus (6 mags owc) $71,700 (est. $24,000-35,000)
Lot 492: 1990 La Tâche Domaine de la Romanée-Conti (12 bs owc) $65,725 (est. $28,000-42,000)
Lot 289: 1991 Romanée-Conti (5 bs) $47,800 (est. $18,000-28,000)
Lot 705: 1999 Domaine de la Romanée-Conti Assortment (12 bs owc) $45,410 (est. $17,000-26,000)
Lot 19: 1982 Château Lafite Rothschild (12 bs owc) $41,825 (est. $24,000-35,000)
Lot 290: 1993 Romanée-Conti Domaine de la Romanée-Conti (7 bs) $41,825 (est. $22000-32000)
Lot 706: 1999 Domaine de la Romanée-Conti: Echézeaux (2); Grands-Echézeaux (2 bs); La Tâche (3 bs); Richebourg (2 bs); Romanée-Conti (1 b); Romanée-St.-Vivant (2 bs) $41,825 (est. $17000-26000)
Lot 23: 1982 Château Pétrus (9 bs) $33,460 (est. $18000-28000)
Lot 463: 1982 Château Lafite Rothschild (6 mags) $33,460 (est. $24000-35000)
Lot 1023: 2000 Château Lafite Rothschild (12 bs) $23,900 (est. $14000-20000)

Total hammer: $2,962,370 (153.8% to low)
Total aggregate: $3,540,032
Percent sold by lot: 100%

 

2010 Auction Calendar
March 19 & 20, 2010
May 8, 2010
June 26, 2010
September 11, 2010
October 30, 2010
December 11, 2010