Investors will be taking a strong interest in some major auctions taking place around the world in the next couple of weeks. If Hart Davis Hart’s, in Chicago from Dec 10-12, is the biggest, that of Sotheby’s in London on Wednesday, 2nd December, will feature the oldest vintages, including a bottle of Lafite 1903.
That is one of more than 800 lots to go under the hammer in New Bond Street and is expected to fetch £600-700, a figure that should be trumped by a bottle of 1928 Mouton Rothschild (which carries an estimate of £1000-1300). Another single bottle of old Mouton, from 1957, will be offered, as will cases of 1952,1964 and 1996 from the estate.
Cases of 1964 Haut-Brion will also be up for grabs at between £2,400-2,800, while 12 bottles of Margaux are predicted to be sold for £3,600-4,600. On the Right Bank, Cheval Blanc and Le Pin, both from 1995, will go under the hammer, with the former in double magnums and imperials. Successive vintages of Yquem between 1988 and 1990 will be available in halves and imperials.
Burgundy will also be strongly represented – led by the likes of Domaine de la Romanee Conti, Henri Jayer and Armand Rousseau, backed up by smaller quantities of La Tache and Clos de la Roche. Italy, too, will feature, with Super Tuscans Solaia (1986) and Ornallaia (1999) on offer along Nebbiolo from with leading Piemonte winemaker, Roberto Voerzio, whose 1995 Barolo La Serra could be much sought after.
Hart Davis Hart, the leading American house, are predicting the largest wine auction of 2015 in Chicago next month. The 3,000-lot sale is expected to bring in between US$6.8-10.2m. “One of the most comprehensive collections of fine Burgundy ever to appear at auction” is being promised by HDH.
As many as 70 lots of Screaming Eagle are expected to make nearly $400,000, while 53 lots of Ridge Monte Bello could fetch up to $100,000. 66 lots of Coche-Dury should go for over $450,000, while Dom Perignon dating back to 1971 will surely attract buyers. The usual leading suspects from Bordeaux are on offer – first growths as well as Petrus and Le Pin. From Italy, Sassicaia and Giacomo Conterno will go under the hammer.
Before either of these two extravaganzas, an auction in Hong Kong on 27 & 28 November sees Alex Ferguson trying to cash in further on his extensive wine investments. This is the third tranche of the former Manchester United manager’s sell-off after he first realized around £2m in May 2014 in Hong Kong, and the second, a month later in London, raised £500,000. The canny Scot has invested extremely shrewdly in fine wine, and has offered up more of his extensive supply of Bordeaux, Burgundy and Tuscan wines. United’s massive support base in the Far East should attract the interest of many of their wealthier fans who are based there, and it will be interesting to see whether they have bought Fergie yet another windfall.