One of the first fine wine auctions of the year at Christie’s London this month achieved another world record sale, keeping up the trend seen during 2017. A 12-bottle case of rare 1988 Domaine de la Romanée-Conti, Romanée-Conti went under the hammer for £264,000.
In 2017 a 12-bottle case of the same vintage raised £198,000, the March 2018 value represents a very significant increase in a matter of months.
The top Burgundy wines continue to attract significant investor attention and this sustained demand is supporting extraordinary valuations. The rarity of these wines, with very low production levels, further depleted by consumption, would suggest another great year for this region’s wine in 2018. But even so, we have to ask to what extent ‘auction frenzy’ upped the price tag!
Christie’s sale also featured a collection of Super Tuscans with a 12-litre bottle of Ornellaia 2015, which was acquired for £3,600 and 18 bottles of Solaia from the 2001, 2004 and 2007 vintages going for £3,360.
For more information on the latest performance of fine wine and comparisons to other alternative asset, see our March Report. Please click here to see the report, or call us on 0203 384 2262