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Asia auction heralds 'Burgundy autumn'

Asia's growing interest in Burgundy has been confirmed by the response to Acker Merrall & Condit's latest Hong Kong sale.

Top Bordeaux and Champagne wines such as Chateau Haut Brion and Salon also featured in the sale, which generated a total revenue of HK$91.87 million (£7.5 million).

However, it was the Burgundy wines, in particular Domaine de la Romanee-Conti, which stole the headlines.

One case of 1990 Romanee-Conti achieved a new world record sales price for that vintage, after being purchased for HK$2.32 million (£189,600).

This comes just over a week after a case of the same vintage sold for £126,000 at a Bonhams sale in London.

Burgundy producers Domaine de la Romanee-Conti and Henri Jayer eventually accounted for seven of the ten most expensive lots in the Acker sale, leading John Kapon, the auction house's chief executive officer, to say that the autumn sales season is "going to be all about Burgundy".

"The passion and interest in Burgundy is growing rapidly every new sale, and the mainland [China] is just starting to discover the greatness of the region. We couldn't be more excited about our next sale on November 4th and 5th," he said.

As well as being good news for Burgundy, the sale should be seen as a fillip for the industry as a whole, Mr Kapon explained.

He went on: "We are ecstatic by the results of this sale, in which numerous world auction records were set.

"All this talk about the market cooling off is just talk - at least when it comes to our auctions."

Burgundy has also sold well in New York recently. Again Domaine de la Romanee-Conti led the way at Sotheby's, with six magnums of 1985 La Tache top-selling when they achieved $60,500 (£38,500) from an Asian buyer - 50 per cent above estimate.
 



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Burgundy, and Domaine de la Romanee-Conti in particular, continues to sell well at auction.
Burgundy, and Domaine de la Romanee-Conti in particular, continues to sell well at auction.
Burgundy, and Domaine de la Romanee-Conti in particular, continues to sell well at auction.