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Hart Davis Hart Sells $4.3 Million at Auction
Bringing Total Sales in the First Half of 2012 to $14.96 Million

  

(June 26, 2012 - Chicago, IL) - Hart Davis Hart closed the first half of the year with a successful two-day auction this weekend, realizing $4,298,523 against a pre-sale estimate of $3,008,470-$4,298,523. Bidders participated from 36 states, the District of Columbia and Puerto Rico, as well as Australia, Brazil, Canada, China, France, Hong Kong, Japan, Macau, Mexico, Singapore, South Korea, Switzerland, Taiwan, Thailand, and the United Kingdom.

Bidding for Burgundy was especially strong, with four bottles of 1980 Nuits-St.-Georges, Meurgers, Heni Jayer (estimate $2,400-$3,500) realizing $7,767.50, and a case of 1993 Echézeaux, Henri Jayer for Georges Jayer (estimate $15,000-$22,000) realizing $23,900.

“The market for top Burgundy remains strong and will continue to grow, given the limited quantities,” commented CEO Paul Hart.

In addition to the popular Bordeaux and Burgundy offerings, Hart Davis Hart sold 57 lots of Guigal’s single-vineyard Côte-Rôtie. This large collection totaling 666 bottles with vintages ranging from 1989 to 1999 realized a total of $301,499.

In the first half of 2012, Hart Davis Hart sold $14,962,731 over four auctions with a combined pre-sale estimate of $10,243,880-$15,286,208. Three of the four auctions were 100% sold, with the third sale at 99.9% by lot. With a mere 11 lots passing since 2010, the firm’s sell-through rate remains the highest in the industry - an important indicator of Hart Davis Hart’s ability to reach a global audience of top wine buyers.

Hart Davis Hart’s 2012 auctions will resume in the fall, with a spectacular sale on the weekend of September 15.

Top Lots (inclusive of 19.5% buyer's premium):
Lot 678: 1990 Domaine de la Romanée-Conti Assortment (12 bs) (est. $35,000-$55,000) $50,190
Lot 980: 1990 Domaine de la Romanée-Conti Assortment (12 bs) (est. $35,000-$55,000) $47,800
Lot 1550: 1999 Domaine de la Romanée-Conti Assortment (12 bs) (est. $30,000-$45,000) $35,850
Lot 981: 1996 Domaine de la Romanée-Conti Assortment (12 bs) (est. $20,000-$30,000) $28,680
Lot 1195: 1996 La Tâche, Domaine de la Romanée-Conti (12 bs) (est. $22,000-$32,000) $28,680
Lot 27: 1993 Echézeaux, Henri Jayer for Georges Jayer (12 bs) (est. $15,000-$22,000) $23,900
Lot 1194: 1995 La Tâche, Domaine de la Romanée-Conti (12 bs) (est. $17,000-$26,000) $23,900
Lot 195: 1982 Château Lafite Rothschild (8 bs) (est. $19,000-$28,000) $23,900
Lots 1210, 1551: 2001 Domaine de la Romanée-Conti Assortment (12 bs) (est. $19,000-$28,000) $23,900
Lot 26: 1988 Vosne-Romanée, Cros Parantoux, Henri Jayer (6 bs) (est. $15,000-$22,000) $22,705
Lot 684: 1989 Château Pétrus (6 bs) (est. $14,000-$20,000) $21,510

Percent sold by lot: 100%
Total Aggregate: $4,298,523
Low Pre-Sale Estimate: $3,008,470
High Pre-Sale Estimate: $4,486,910

 

Auction Calendar
September 15, 2012
October 27, 2012
December 8, 2012