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January 14, 2013

Chambertin to Feature With DRC, Latour at Sotheby’s Sale

Chambertin-DRC-Latour-Sothebys

Bloomberg article

Leading wines of Burgundy producer Domaine Armand Rousseau will go on sale with Domaine de la Romanee-Conti and Domaine Comte Georges de Vogue at Sotheby’s (BID) in London this month.

Top lots at the Jan. 30 sale include a case of Chambertin 1999 Rousseau carrying an estimate of as much as 12,000 pounds ($19,300) and 12 bottles of Chambertin Clos de Beze 2005 Rousseau estimated to fetch as much as 10,500 pounds, according to the auction house’s website.

Wine sales by the biggest auction houses fell 19 percent last year and the Liv-ex Fine Wine 50 Index fell 9.7 percent, its second straight annual decline, as buying from China, the main driver for investment wines, was sluggish in the first three quarters. The index fell 14 percent in the four months to Aug. 1 before stabilizing and starting to recoup losses.

The market “feels a bit more positive,” Chris Smith, investment manager at The Wine Investment Fund in London, said. “Demand has been fairly consistent over the past six months.” The fund, which has $73 million under management, is predicting a 14 percent increase in the Bordeaux-dominated Liv-ex 100 wine index this year.

The Sotheby’s auction this month also includes a 12-bottle Domaine de la Romanee-Conti 1999 assortment estimated at as much as 34,000 pounds and Chateau Latour 1996 priced as much as 5,500 pounds a case, as well as Krug Champagne.

New York-based Acker Merrall & Condit also has a two-day auction scheduled to start in Hong Kong on Jan. 25, while Zachys was due to complete its Hong Kong New-Year sale today.

Following is a list of global wine sales scheduled so far this year. Dates may be subject to revision, and links are to auction house sale catalogs and websites.

 

JANUARY:

Jan. 11/12:     Zachys, Hong Kong

Jan. 25/26:     Acker, Merrall & Condit, Hong Kong

Jan. 30:        Sotheby’s, London

FEBRUARY:

Feb. 2:         Hart Davis Hart, Chicago

Feb. 21:        Christie’s, London

Feb. 23:        Acker, Merrall & Condit, New York

Feb. 23:        Sotheby’s, New York

Feb. 27:        Sotheby’s, London

MARCH:

Mar. 1:         Christie’s, New York

Mar. 7/8:       Zachys, New York

Mar. 20:        Sotheby’s, London

Mar. 21:        Christie’s, London

Mar. 22/23:     Acker, Merrall & Condit, Hong Kong

Mar. 23:        Hart Davis Hart, Chicago

Mar. 27:        Acker, Merrall & Condit, New York

APRIL:

Apr. 3:         Sotheby’s, Hong Kong

Apr. 12:        Christie’s, New York

Apr. 17:        Sotheby’s, London

Apr. 23:        Christie’s, Amsterdam

Apr. 26/27:     Sotheby’s, New York

Apr. 27:        Acker, Merrall & Condit, New York

MAY:

May 2:          Christie’s, London

May 11:         Hart Davis Hart, Chicago

May 15:         Sotheby’s, London

May 23:         Bonhams, Hong Kong

May 24:         Christie’s, New York

May 24/25:      Acker, Merrall & Condit, Hong Kong

May 29:         Acker, Merrall & Condit, New York

JUNE:

Jun. 4:         Christie’s, Amsterdam

Jun. 6:         Christie’s, London

Jun. 8:         Sotheby’s, New York

Jun. 12:        Sotheby’s, London

Jun. 29:        Acker, Merrall & Condit, New York

Jun. 29:        Hart Davis Hart, Chicago

SEPTEMBER:

Sept. 7:        Acker, Merrall & Condit, New York

Sept. 21:       Hart Davis Hart, Chicago

Sept. 27/28:    Acker, Merrall & Condit, Hong Kong

OCTOBER:

Oct. 26:        Hart Davis Hart, Chicago

NOVEMBER:

Nov. 20/22:     Bonhams, Hong Kong

DECEMBER:

Dec. 7:         Hart Davis Hart, Chicago

 

  • Monday 12 January 2013
  • By Guy Collins