Bordeaux wines have proved that they are still considered the best of the best after an auction in New York, where 18 of the 25 top selling lots came from the famed region.
Acker Merrall & Condit’s New York auction is a combination of the world’s leading rare wine auctioneer and America’s oldest fine wine merchant, and it continues to set the pace for the global fine and rare auction market. This is the fourth auction of the year, held at Manhattan’s A Voce restaurant, and saw Bordeaux and Burgundy wines once again reign supreme, with the majority of the top selling lots being dominated by the French regions.
Bordeaux took 18 of the 25 top selling lots, with Lafite, Petrus, Latour, Mouton, Yquem and La Mission Haut Brion all present in that list, from great vintages such as 1928, 1982, 1989, 1990 and 2000. Burgundy also set some rather impressive trends, with 30 of the 64 new world records set during highly competitive global bidding came from the region.
The highest selling wine of the lot was the 1985 Domaine de la Romanee Conti which sold for $46,740. Along with this, there was a big appetite for 1981, with Chateau Lafite Rothschild’s and Chateau Latour both selling at high prices. A1928 La Mission Haut Brion crept into the top ten by selling for $19,680.
John Kapon, CEO of Acker Merrall, said: “Bordeaux and Burgundy’s top estates remain what collectors worldwide want in their cellars above all else. Bordeaux is crawling back into the spotlight, as consumers turn to older wines given the lack of interest in 2011 futures, whose prices seem out of touch given the wealth of great, older wine available at auction."
There has been a recent spate of newly released vintages from Bordeaux that have all been released with considerable price cuts. Chateau Lafite-Rothschild and Chateau Cos d’Estournel are selling for between 30 per cent and 45 per cent below recent vintages.
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