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New York auction sets record for Chateau Petrus

A new world record has been set for the highest price received at auction for Chateau Petrus.

The unclassified Bordeaux wine has long been held in high regard by connoisseurs - top chef Gordon Ramsey named a restaurant after it and renowned critic Olly Smith recently named it the "best-bred wine in the world".

It seems the demand for Petrus continues to grow, with auction-goers looking beyond the First Growths of Chateau Lafite Rothschild and Chateau Latour.

A recent Christie's sale in New York saw an Asian client snap up a case of 1961 Chateau Petrus $144,000 (£89,000) - almost triple the lower estimate and a new record for a case of Petrus.

In a further lot, 11 bottles of the same wine were picked up for $90,000 (£56,200).

"The sale of fine and rare wines at Christie's New York this past weekend has once again demonstrated the extraordinary strength of the wine auction market," Charles Antin, wine specialist with Christie's Americas, told the Drinks Business.

A recent two-day sale at rival auction house Sotheby's also showed promise for the Second Growths of Bordeaux.

After an expected frenzy built up around the top First Growths - a case of 1986 Chateau Lafite sold for £13,335 - interest remained high as the sale moved into "super seconds".

Stephen Mould, head of Sotheby’s European wine department, said: "The super seconds were a sell-out with clients keen to snap up these wines.

"This trend continued on the second day of the sale with active phone and internet bidding on Pichon Lalande, Ducru Beaucaillou and Palmer, for example."

Interest in Burgundy wine has also been increasing at auction recently, with Chinese bidders keen to explore the wine world outside of First Growth Bordeaux.
 



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Chateau Petrus proved popular at a recent wine auction.
Chateau Petrus proved popular at a recent wine auction.
Chateau Petrus proved popular at a recent wine auction.