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Lafite Lots Top $1 Million as Hart Davis Hart Chicago Finishes First Half of 2010 with $16,049,543 in Total Auction Sales, a 28% Increase Over 2009

June 26 Auction brings $4,295,511
100% of lots sold

  

(June 29, 2010 - Chicago, IL) - Wine prices eclipsed the high auction estimate at the Hart Davis Hart auction this weekend in Chicago, realizing $ 4,295,511 against a pre-sale auction estimate of $2,867,660- $4,288,950. 100% of the lots offered were sold. Collections of Bordeaux and Burgundy brought intense bidding with many prices hammering over the high estimate. A six bottle case of 2000 Château Le Pin brought in $23,900 against a pre-sale estimate of $10,000-$15,000 and a bottle of 1982 Romanée-Conti achieved $4,500 against a pre-sale estimate of $1,500-$2,200.

The heaviest bidding on the day was for the wines of Château Lafite Rothschild, which brought $1,023,034 against an estimated $644,870-$970,050. Eleven lots of 1982 Château Lafite Rothschild, valued at $213,000-$318,500, sold for $329,940, while twelve lots of the 2000 vintage, valued at $153,200-$229,600, brought $233,025. Carruades de Lafite, the second wine of Lafite-Rothschild, saw enormous demand as 9 cases of the wine from various vintages surpassed the high estimate by 38% at an average price of $313 per bottle. These wines were available for $40 to $60 per bottle just a few years ago. Results for Mouton-Rothschild also surpassed the high end of the estimate range.
 
“Château Lafite-Rothschild continues to be in great demand worldwide. It is clearly the most sought after wine in the auction market. Prices for Mouton-Rothschild are also moving higher.” commented Vice-Chairman, Michael Davis.

Eager bidders participated from 40 states, the District of Columbia and Puerto Rico, as well as Australia, Brazil, Canada, China, Germany, Hong Kong, Japan, Luxembourg, Macao, Mexico, Philippines, Singapore, South Korea, Spain, Switzerland, Taiwan, and the United Kingdom.

During the first half of 2010, Hart Davis Hart held four wine auctions in Chicago, bringing $16,049,543 (up 28% from 2009) against a total estimate for the season of $10,088,900- $15,068,570. HDH sold an industry-leading 99.9% of its lots, passing four lots out of 4,924 offered.

Commented Chairman John Hart: “This sale was a very strong finish to an excellent first half of 2010. We wish to thank all of our consignors and bidders worldwide and look forward to an exciting fall season.”

Top Ten Lots (inclusive of 19.5% buyer's premium):
Lot 445 1982 Château Lafite Rothschild (12 bs) $50,190 (est. $28000-42000)
Lot 446 1982 Château Lafite Rothschild (12 bs) $47,800 (est. $28000-42000)
Lots 867-869 1982 Château Lafite Rothschild (12 bs) $45,410 (est. $28000-42000)
Lot 447 1982 Château Lafite Rothschild (12 bs) $38,240 (est. $28000-42000)
Lot 208 1995 Romanée-Conti (6 bs) $35,850 (est. $30000-45000)
Lot 233 2003 Romanée-Conti (3 mags) $35,850 (est. $30000-45000)
Lot 321 1989 Château Pétrus (12 bs) $35,850 (est. $26000-38000)
Lot 201 1990 Romanée-Conti (3 bs) $33,460 (est. $28000-42000)
Lot 320 1989 Château Pétrus (12 bs) $33,460 (est. $26000-38000)
Lot 361 1999 Domaine de la Romanée-Conti Assortment (12 bs) $33,460 (est. $20000-30000)

Percent sold by lot: 100%
Hammer: $3,594,570
Total Aggregate: $4,295,511

 

2010 Auction Calendar
September 24-25, 2010
October 30, 2010
December 11, 2010