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Hart Davis Hart Remains #1 Wine Auction House in US
Finishing Year with $37.4M in Sales

Achieves Highest Sell-Through Rate in the Industry

  

(December 22, 2011 - Chicago, IL) - Hart Davis Hart capped off another highly successful year with a remarkably strong auction in Chicago on December 10th, realizing $4,263,270 against a pre-sale auction estimate of $3,033,500- $4,534,540. One of the featured consignments, A Selection of Remarkable Burgundy from an East Coast Collector, inspired intense bidding with many prices skyrocketing over the high estimates. Examples include a case of 1980 Musigny, Maison Leroy (est. $5,000-$7,500) which sold for $11,950, and a magnum of 1971 Richebourg, Domaine de la Romanée-Conti (est. $3,000-$4,500) which brought $8,365.

The auction-goers who packed the room on Saturday enjoyed the generosity of one of the day’s consignors, who provided selections of Burgundy from magnum including 1997 Clos Vougeot, Domaine Méo-Camuzet. Bidders participated from 36 states and the District of Columbia, as well as Australia, Belgium, Brazil, Canada, China, Germany, Hong Kong, Japan, Macau, Mexico, Netherlands, Philippines, Singapore, South Korea, Switzerland, Taiwan, Thailand, and the United Kingdom.
 

Results of December 10th auction, “An Auction of Finest & Rarest Wines” - Chicago, IL

Percent sold by lot: 100%
Low Pre-Sale Estimate: $3,031,500
High Pre-Sale Estimate: $4,532,040
Total Aggregate: $4,263,270

With these recent results Hart Davis Hart led the US market for the second year in a row, realizing the largest sales volume for traditional live auctions. The seven auctions held by Hart Davis Hart in 2011 brought $37,425,857, buoyed by packed sales rooms, bidder participation from every corner of the globe, and many record-breaking prices. The firm achieved by far the highest sell-through rate in the industry, passing only 9 of 8,970 lots offered. Six of the seven auctions were 100% sold. Highlights of the year included a special auction devoted exclusively to Château Lafite in March. The Lafite Auction, which was 100% sold, featured the largest selection of Lafite ever offered at auction and brought $5.8 million.
 

2011 Results for Wine Auctions in the U.S.

Hart Davis Hart: $37,425,857
Zachys: $36,435,504
Acker Merrall: $33,365,216
Sotheby’s: $13,538,441
 

Top lots of 2011:

January 2011: Lot 861: 1982 Château Lafite Rothschild (12 bs) (est. $38,000-55,000) $65,725
January 2011: Lot 834: 2000 Romanée-Conti, DRC (6 bs) (est. $22,000-32,000) $50,190
March 2011: Lots 275-276: 1982 Château Lafite Rothschild (12 bs) (est. $40,000-60,000) $59,750
March 2011: Lots 1-3, 114-115, 142, 196: 1982 Château Lafite Rothschild (12 bs) (est. $40,000-60,000) $57,360
May 2011: Lot 8: 1982 Château Pétrus (12 bs) (est. $42,000-65,000) $53,775
May 2011: Lots 35,36: 2000 Château Pétrus (12 bs) (est. $35,000-55,000) $53,775
September 2011: Lot 240: 1990 La Tâche DRC (12 bs) (est. $32,000-48,000) $53,775
September 2011: Lot 239: 1990 DRC Assortment (12 bs) (est. $28,000-42,000) $50,190
October 2011: Lot 2: 1982 Château Lafite Rothschild (12 bs) (est. $28,000-42,000) $57,360
October 2011: Lot 951: 1999 DRC Assortment (12 bs) (est. $24,000-35,000) $38,240
December 2011:  Lot 593: 2006 Romanée-Conti , DRC (6 bs) (est. $35,000-$55,000) $53,775
December 2011:  Lot 184:1990 La Tâche, DRC (12 bs) (est. $42,000-$65,000) $50,190


Percent sold by lot: 100%
Total Aggregate: $4,679,369
Low Pre-Sale Estimate: $3,313,920
High Pre-Sale Estimate: $4,957,940

 

Auction Calendar
February 4, 2012
March 24, 2012
May 5, 2012