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Hart Davis Hart Wine Co. in Chicago Achieves World Record Prices
at Single Cellar Auction of the Fox Cellar II

Auction brings $7.4 million, far surpassing pre-auction estimate of $4-6 million, as HDH Wine Auction Index hits all-time high

  

(September 27, 2010 - Chicago, IL) - Multiple world records were shattered in Chicago on September 24th and 25th as Hart Davis Hart sold the second installment of The Fox Cellar, one of the most important single-owner wine collections ever offered. The auction total of $7.4 million far exceeded the pre-sale estimate of $4-6 million, with 100% of the lots finding buyers. The exceptional quality and conditions of the wines brought ferocious bidding. A case of 1989 La Mission Haut Brion estimated to sell for $7,500-11,000 brought $20,315, a case of 1990 Margaux estimated at $8,000-12,000 also brought $20,315, a case of 1991 La Mouline from Guigal estimated to bring between $6,000-9,000 brought $17,925, and a case of 1982 Léoville-Las-Cases sold for $11,950 against an estimate of $3,500-5,500. The HDH Auction Index soared to an all-time high, eclipsing the former peak set in September 2008 by the first Fox Cellar auction by an incredible 25%.

“In my 30+ year career I have never seen a wine auction anywhere in the world bring such intense bidding. I was truly astonished. It speaks volumes to the importance of exceptional provenance,” said Chairman John Hart.

Bidders participated from 40 states as well as Australia, Brazil, Canada, China, Denmark, France, Hong Kong, Japan, Macau, Mexico, The Netherlands, the Philippines, South Korea, Spain, Singapore, Switzerland and the United Kingdom. Asian buyers turned out in force, but North American and European bidders came out on top, accounting for the five largest invoices of the auction.

Château Lafite-Rothschild was characteristically strong, realizing $1,357,520 against a pre-sale estimate of $794,900-1,197,900, but prices were high across the board. Wines from Domaine de la Romanée-Conti brought $481,107 against an estimate of $256,400-385,400, while wines from Italy and the Rhône Valley all soared over the high estimate range. 1982 Bordeaux wines, estimated to bring $217,700-324,900, realized $397,158.

“We are honored that the consignor decided that Chicago was the best place in the world to offer this historic collection. The world took notice, with unprecedented results,” commented CEO Paul Hart.

Top Ten Lots (inclusive of 19.5% buyer's premium):
Lots 315, 316, 317: 1982 Château Lafite-Rothschild (12 btls) (est. $32,000-$48,000) $50,190
Lot 1264: 1990 Château Pétrus (12 bs) (est. $26,000-$38,000) $38,240
Lot 360: 2000 Château Lafite Rothschild (12 bs) (est. $18,000-$28,000) $33,460
Lot 1399: 2005 Château Ausone (12 bs) (est. $18,000-$28,000) $33,460
Lot 361: 2000 Château Lafite Rothschild (12 bs) (est. $18,000-$28,000) $31,070
Lot 363: 2000 Château Lafite Rothschild (12 bs) (est. $18,000-$28,000) $28,680
Lot 1003: 2000 Château Ausone (12 bs) (est. $15,000-$22,000) $28,680
Lot 1263: 1989 Château Pétrus (8 bs) (est. $17,000-$26,000) $28,680
Lot 683: 1998 Château Le Pin (12 bs) (est. $16,000-$24,000) $26,290
Lot 896: 2001 Romanée-Conti Domaine de la Romanée-Conti (3 bs) (est. $12,000-$18,000) $26,290

Percent sold by lot: 100%
Hammer: $6,200,620
Total Aggregate: $7,409,740

 

2010 Auction Calendar
October 29 & 30, 2010
December 11, 2010