In today’s HDH auction follies - I just saw someone pay an extra $1800 (after premium) for one additional bottle of 2010 Faiveley Latricieres.
Two lots - one with 11 and following lot with 12 bottles. First lot hammers for $2,000 - consistent with current market ($181 plus premium per bottle). Second lot (with one additional bottle) subject to energetic bidding war and hammers at $3,500, for a difference of $1,500 or $1,792 after premium over the previous lot.
In the case of significant age or significant value, provenance/storage becomes worth a lot. For me, 2000 Cos wouldn’t quite tick that box, but maybe it does for someone? Also, if you really want 2000 Cos, you could call the reputable merchants on WS and probably find one offer with suitable provenance?
There’s a couple of aspects. One, that someone would spend $600 for a bottle of 2000 Cos d’Estournel, and in a bidding situation, meaning there was at least one other person who was willing to spend nearly that much, too. The second is that someone would spend $600 for a bottle of 2000 Cos d’Estournel. It’s a decent bottle of wine, sure, 91 Parker points: it should be worth about $35-40, plus age premium, so about $50-60.
Holy shit, I thought you were joking, but I see it’s true. Not just one bottle, a half a case.
Weirder than the Faiveley Latricieres example which isn’t so hard to understand – a rarer wine and the guy probably just screwed up or missed the boat somehow on the first lot.
sure, but there are also plenty of artists/galleries/collectors bidding up their own work/holdings in addition to a slew of unsophisticated yet over-monied buyers new to the scene who are eager to procure a collection from scratch in 6 months time.
Someone just hammered 2009 Chambolle-Musigny, Les Fuees, Jacques-Frederic Mugnier, 6 bottles for a cool $5,000.00. That’s well over $996.00 per unit! (with buyers %) Crap, Amoureuses can be found for about that price. Is there no limit to this madness??? Burgundy seems to have virtually no celling.
All the aged burgundy is just cycling between accounts at Domaine in NJ. Reminds me of a HS visit to the Federal Reserve Bank where we watched people wheel barrel gold bars from one country’s shelf to another.
I have noticed a lot of Bordeaux going in the lower half of the estimate, or even some at the minimum bid for less celebrated wines from off vintages. Even the very high end Bordeaux is often going for market level prices (e.g. perfect case of 2009 Cheval Blanc for $950/bottle, right around Winesearcher low and well below max estimate). I think people have gotten the memo that Bordeaux is simply not a scarce commodity. Of course there are a few weird outliers like that 2000 Cos mentioned above.
One case of 98 Haut Brion went for $10K and the other for $7K. Pretty wide spread there, which also makes me think people aren’t looking at this too carefully!