Chicago-based Hart Davies Hart is recognised as the world’s leading specialist fine wine auctioneer and has just reported that its first sale of 2018, held in February, was the biggest in the auctioneer’s history, raising in excess of US$10M.
The sale took place over three days with bids received from 15 different countries for rare wines from Bordeaux, Champagne and California, but Burgundy led the way. The top lot; 10 bottles of Armand Rousseau’s 1990 Chambertin raised $45,410, and varying formats and vintages of Romanée-Conti, La Tâche and Richebourg were highly sought after. Bordeaux lots included an imperial of 2005 Petrus ($35,850) and cases of the legendary 1982 Lafite. Overall 65 per cent of the featured lots exceeded their pre-sales estimates.
Liv-ex data also shows a continued positive trend for the first months of 2018 and our latest market report provides more information on current performance and looks more closely at Burgundy and the region’s key investment-grade wines.