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HDH Dominates U.S. Auction Market in 2016 -
Ahead of Nearest Competitor by Nearly 50%

Record Year for HDH Auctions - Year-Over-Year Growth of 18%;
15% Higher than Historical Best

 

(December 21, 2016 - Chicago, IL) - Hart Davis Hart capped a record-breaking 2016 with a massive three-day auction held on December 15th, 16th, and 17th. Over the course of the year, HDH realized the highest prices in the industry while achieving an unbelievable 100% sell-through rate. HDH garnered $48.88 million in sales, making Hart Davis Hart the largest seller of fine wines at auction in the United States, surpassing their nearest competitor by nearly 50%.

The prodigious December auction realized $9.5 million against presale estimates of $6.3–$9.4 million. 100% of the 4,324 lots were sold to over 600 bidders from around the globe. Over 45% of all lots met or exceeded their high-estimates, with many achieving astonishing prices. Red and White Burgundy performed particularly well—the 1723 lots sold for $3.8 million against presale estimates of $2.5-3.7 million. Highlights included six bottles of 1980 Clos de la Roche, Vieilles Vignes, Domaine Ponsot which brought in $23,900 (est. $10,000-15,000), a jeroboam of 2000 La Tâche which garnered $13,145 (est. $6,500-9,500), and two bottles of 1991 Chambertin, Armand Rousseau which sold for $8,963 (est. $4,000-6,000). Prized lots from the cellars of Dom Pérignon featuring their late release Champagnes also fared particularly well, with the 40 lots selling for $192,156 (est. $120,350-180,450).

The auction saw robust demand for Bourbon and Rye. Sales in each category shattered the high estimates. Bidding was similarly strong for mature Bordeaux, especially first-growths and top right bank Châteaux. Overall, the 784 Bordeaux lots brought in $2.1 million (est. $1.4-2.1 million). Barolo and Spanish wines also achieved very strong results.

HDH solidified its position as the #1 wine auction house in the U.S. with this phenomenal sale. In addition, the firm achieved the industry’s highest sell-through rate—not one of the 17,152 lots offered this year was passed. HDH continues to lead the industry in terms of technology with their remarkable online and mobile bidding platform. 2016 has brought many improvements for this platform including the development of an app for Android phones and interface enhancements. By offering impeccably sourced wines, reaching global bidders, and providing the best service in the industry, HDH has once again achieved market-leading results.
 

Top Lots by Price (inclusive of 19.5% buyer’s premium):
3588 2012 Romanée-Conti, Domaine de la Romanée-Conti (3 bs) $24,000-35,000
$33,460
322 1985 Vosne-Romanée, Cros Parantoux, Henri Jayer (3 bs) $20,000-30,000 $28,680
237 1980 Clos de la Roche, Vieilles Vignes, Domaine Ponsot (6 bs) $10,000-15,000 $23,900
1214 2000 Château Mouton Rothschild (12 bs) $12,000-18,000 $21,510
2773 1999 Chambolle-Musigny, Les Amoureuses, Georges Roumier (12 bs) $15,000-22,000 $21,510
189 1988 Romanée-St-Vivant, Domaine Leroy (12 bs) $15,000-22,000 $20,315
323 1986 Richebourg, Henri Jayer (2 bs) $11,000-17,000 $20,315
1475 1989 Château Haut-Brion (12 bs) $13,000-19,000 $20,315
3129 1996 Château Pétrus (12 bs) $11,000-17,000 $20,315
2772 1999 Chambertin, Clos de Bèze, Armand Rousseau (12 bs) $13,000-19,000 $19,120

 

Top Lots to Exceed Estimates (inclusive of 19.5% buyer’s premium):
237 1980 Clos de la Roche, Vieilles Vignes, Domaine Ponsot (6 bs) $10,000-15,000 $23,900
1404 NV Rathskeller 23yr Rye Straight Rye Whiskey, Seelbach Hotel Bottling, Kentucky Bourbon Distillers Ltd. (1 b) $1,800-2,800 $10,158
3868 1962 Unico Bodegas, Vega Sicilia (6 bs)    $6,000-9,000 $14,340
1489 1990 Château Margaux (12 bs) $7,500-11,000 $15,535
3698 1973 Stag’s Leap Wine Cellars Cabernet Sauvignon, SLV (6 bs) $3,000-4,500 $8,963
3119 1989 Château La Mission Haut-Brion (12 bs) $10,000-15,000 $19,120
11 2000 La Tâche, Domaine de la Romanée-Conti (1 jeroboam (3L)) $6,500-9,500 $13,145
3181 1985 Clos de la Roche, Domaine Dujac (2 mags) $8,000-12,000 $15,535
1214 2000 Château Mouton Rothschild (12 bs) $12,000-18,000 $21,510
323 1986 Richebourg, Henri Jayer (2 bs) $11,000-17,000 $20,315

Sale Stats: Percent sold by lot: 100% | Total Aggregate: $9,507,528
Low Pre-Sale Estimate: $6,350,060 | High Pre-Sale Estimate: $9,483,630

Click here to view the auction results.

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