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Burgundy Prices Soar Above Estimates as
Hart Davis Hart Sells 100% of Lots for $3.9 Million

  

(March 27, 2012 - Chicago, IL) - Hart Davis Hart conducted an auction in Chicago on Saturday

devoted exclusively to the wines of Burgundy and achieved astonishing results.  “A Celebration of Burgundy” attracted bidders from all around the world, and the auction was 100% sold.  At the end of the day $3,986,424 had been realized against a pre-sale estimate of $2,391,750-$3,575,890.

The saleroom at award-winning TRU Restaurant was bristling with activity, full of spirited bidders in attendance from all over the U.S. including the East and West Coasts, as well as Brazil, Canada, France, and Singapore. Selections of DRC, Leroy, Coche-Dury, and Rousseau brought particularly intense bidding and many prices soared above the high end of the auction estimates. Notably, a jeroboam of 1990 La Tâche, DRC was hammered down at more than double the high estimate, bringing $41,825 against an estimate of $12,000-$18,000. This rare bottle was purchased by the consignor in 1993 for $949.99, providing a return of 4400%. A three-bottle offering of the 2005 Musigny from Domaine Leroy commanded $16,730 against a pre-auction estimate of $6,000-$9,000.

Eager bidders participated from 30 states and the District of Columbia, as well as Puerto Rico, Australia, Brazil, Canada, China, Colombia, France, Hong Kong, Japan, Luxembourg, Macau, Malaysia, the Netherlands, the Philippines, Singapore, South Korea, Switzerland, Taiwan and the United Kingdom. HDHLive continues to be a popular live internet bidding platform, with eager participants from around the world bidding against an active room.

“The success of the day went beyond DRC as prices across the board were strong in places like Chablis and Volnay, as well as for the Grand Cru offerings. The outpouring of bids from around the globe was the strongest we have seen in some time,” remarked CEO Paul Hart.

A Selection of Results Exceeding High Estimates (inclusive of 19.5% buyer’s premium):
Lot 221: 1990 La Tâche Domaine de la Romanée-Conti (1 jeroboam (3L)) (est. $12,000-$18,000) $41,825
Lot 330: 1999 La Tâche Domaine de la Romanée-Conti (3 mags) (est. $15,000-$22,000) $38,240
Lot 327: 1990 La Tâche Domaine de la Romanée-Conti (2 mags) (est. $12,000-$18,000) $31,070
Lot 690: 2005 Musigny Domaine Leroy (3 bs) (est. $6,000-$9,000) $16,730
Lot 166: 2001 Domaine de la Romanée-Conti Assortment (12 bs) (est. $17,000-$26,000) $35,850
Lot 94: 1993 Richebourg Domaine Leroy (12 bs) (est. $12,000-$18,000) $26,290
Lot 169: 2005 Clos de la Roche, Vieilles Vignes Domaine Ponsot (12 bs) (est. $7,500-$11,000) $17,925
Lot 220: 1990 La Tâche Domaine de la Romanée-Conti (1 mag) (est. $6,000-$9,000) $15,535
Lot 328: 1999 Domaine de la Romanée-Conti Assortment (12 bs) (est. $28,000-$42,000) $53,775
Lot 205: 2002 Chambertin Armand Rousseau (12 bs) (est. $7,500-$11,000) $16,730

Top Lots (inclusive of 19.5% buyer’s premium):
Lot 37: 2007 Romanée-Conti Domaine de la Romanée-Conti (6 bs) (est. $32,000-$48,000) $59,750
Lot 467: 1990 Domaine de la Romanée-Conti Assortment (12 bs) (est. $32,000-$48,000) $59,750
Lot 328: 1999 Domaine de la Romanée-Conti Assortment (12 bs) (est. $28,000-$42,000) $53,775
Lot 465: 1985 Domaine de la Romanée-Conti Assortment (12 bs) (est. $35,000-$55,000) $50,190
Lot 825: 1990 Domaine de la Romanée-Conti Assortment (12 bs) (est. $32,000-$48,000) $47,800
Lot 228: 1999 La Tâche Domaine de la Romanée-Conti (12 bs) (est. $30,000-$45,000) $45,410
Lot 75: 1985 Echézeaux Henri Jayer for Georges Jayer (12 bs) (est. $19,000-$28,000) $35,850
Lot 258: 2002 Romanée-Conti Domaine de la Romanée-Conti (3 bs) (est. $22,000-$33,000) $33,460
Lot 33: 2006 Romanée-Conti Domaine de la Romanée-Conti (3 bs) (est. $20,000-$30,000) $31,070
Lot 256: 1996 La Tâche Domaine de la Romanée-Conti (12 bs) (est. $19,000-$28,000) $31,070
Lot 843: 1996 Domaine de la Romanée-Conti Assortment (12 bs) (est. $20,000-$30,000) $28,680


Percent sold by lot: 100%
Total Aggregate: $3,986,424
Low Pre-Sale Estimate: $2,391,750
High Pre-Sale Estimate: $3,575,890

 

Auction Calendar
May 12, 2012
June 23, 2012
September 15, 2012