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Hart Davis Hart Wine Auction is 99% Sold, Realizing $3.7 Million

DRC, Rousseau, Pétrus and Schrader Achieve Top Prices

  

(May 17, 2012 - Chicago, IL) - Wine prices were high at the Hart Davis Hart two-day auction this weekend in Chicago, with sale totals reaching $3,695,113, surpassing a pre-sale auction estimate of $2,482,280-$3,694,750. Of the 1627 lots offered, 99.94% sold. Collections of Burgundy, Bordeaux, and California wines brought intense bidding and many lots hammered above the high estimate.

Saleroom attendance was strong both days with a near capacity crowd during the Saturday session. Bidders in the room actively competed with those bidding over the internet or by phone from 42 states, the District of Columbia, and Puerto Rico, as well as Brazil, Canada, China, France, Germany, Hong Kong, Italy, Japan, Macao, Malaysia, Mexico, Netherlands, Philippines, Portugal, Singapore, South Korea, Switzerland, Taiwan, and the United Kingdom.

Demand for quality Burgundy remained at feverish levels with bidders competing fiercely for top lots. Three bottles of 2007 Romanée-Conti (est. $19,000-$28,000) realized $28,680, and bidding for three bottles of 2005 Musigny Jacques-Frédéric Mugnier (est. $3200-$4800) soared to $7,767. A case of 1993 Chambertin, Clos de Bèze Armand Rousseau (est. $12,000-$18,000) brought $19,120. California cult wines were a hit as well, with a double magnum of 2001 Schrader Cellars Cabernet Sauvignon, Beckstoffer To-Kalon Vineyard (est. $800-$1,200) achieving $2,629.

The Saturday session included an extensive selection of 1960s and 1970s Bordeaux from the Estate of Clarence Day. Buoyed by its remarkable provenance, this unusually large selection of 40-50 year old wines attracted broad interest and realized $416,158 against the pre-sale estimate of $260,150-$385,810. Attendees savored 1966 Château Batailley and 1966 Château Château Cos d’Estournel from Mr. Day’s cellar as the lots went on the block.

“We were thrilled with the results of the sale,” commented Vice-Chairman Michael Davis. “Burgundy maintained its dominance but we saw consistent strength in most other categories as well.”

Top Lots (inclusive of 19.5% buyer's premium):
Lot 45: 2007 Romanée-Conti, Domaine de la Romanée-Conti (3 bs) (est. $19,000-$28,000) $28,680
Lots 932, 933: 1970 Château Pétrus (12 bs) (est. $15,000-$22,000) $26,290
Lot 250: 2000 Château Lafite Rothschild (12 bs) (est. $15,000-$22,000) $23,900
Lot 934: 1970 Château Pétrus (12 bs) (est. $15,000-$22,000) $23,900
Lot 1436: 1982 Château Lafite Rothschild (23 hbs) (est. $24,000-$35,000) $23,900
Lots 935, 936: 1970 Château Pétrus (12 bs) (est. $15,000-$22,000) $22,705
Lot 1563: 2000 Château Lafite Rothschild (12 bs) (est. $15,000-$22,000) $22,705
Lot 1175: 2000 Château Lafite Rothschild (12 bs) (est. $15,000-$22,000) $21,510
Lot 1117: 1993 Chambertin, Clos de Bèze, Armand Rousseau (12 bs) (est. $12,000-$18,000) $19,120
Lot 1126: 1988 La Tâche, Domaine de la Romanée-Conti (11 bs) (est. $13,000-$19,000) $19,120

Percent sold by lot: 99.94% (one passed lot)
Total Aggregate: $3,695,113
Low Pre-Sale Estimate: $2,482,280
High Pre-Sale Estimate: $3,694,750

 

Auction Calendar
June 22 & 23, 2012
September 15, 2012
October 27, 2012