Zachys Spring Auction Bets on Burgundies and California Cult Wines
Burgundies will continue to compete with Bordeaux product for wine investment attention in April, with highlights at Zachys upcoming spring auction including two assortment cases of Domaine de la Romanee Conti. Meanwhile, Sotheby’s (NYSE:BID) sale in London would feature top clarets which are also likely to attract investor interest.
**Domaine de la Romanee Conti and California Cults at Zachys**
As noted in the Zachys online catalogue, the auction house’s spring sale on April 25-26 in New York would feature a 12-bottle assortment case of Domaine de la Romanee Conti 2001 which is expected to fetch between $19,000 (£12,500) and $28,000 (£18,500). A six-bottle assortment case of Domaine de la Romanee Conti 2002 carries a price tag of $4,200-$6,500.
Burgundies have moved into the spotlight of wine investment interest this year, with traders and collectors looking for alternatives to heavily-traded clarets.
The Zachys auction will also draw attention to California cult wines, such as Screaming Eagle and Harlan Estate which are among the most famed wines of Napa Valley. Among the California cults featured at Zachys spring auction is a three-bottle case of Screaming Eagle Cabernet Sauvignon 2007, priced between $4,400 and $7,000. A three-bottle Harlan Estate 2001 lot has an upper estimate of $2,200.
As noted on the Liv-ex blog website, in 2012, California’s Screaming Eagle was one of the several non-Bordeaux brands to advance in the Liv-ex Power 100 list, which includes the most “powerful” wine brands, with criteria being trade on the Liv-ex market, price performance and price per case as well as critic score and production.
**Sotheby’s to Offer “Bordeaux Blockbusters” in London**
Clarets are also likely to attract wine investment attention in April, with Sotheby’s London auction on April 17 featuring a four-bottle lot of Chateau Lafite 1945 with a high estimate of £2,800. As noted in a Sotheby’s press release, “further Bordeaux blockbusters include Le Pin 1998 and a parcel of Petrus 2000,” with an upper estimate of £10,000 and £16,000 per lot, respectively.
Sotheby’s sale in New York at the end of the month will also bet on top clarets, with one of the highlights being a double magnum of Chateau Cheval Blanc 1947, expected to fetch $60,000-$90,000. As noted in a recent Bloomberg article, the Cheval Blanc comes from the vintage rated one of the top two of the past 65 years for the Saint-Emilion producer by US wine critic Robert Parker.
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**Revived Interest in Bordeaux**
While in March wine and spirits columnist Elin McCoy described Domaine de la Romanee-Conti as “the hottest label at auction today”, April is likely to see revived wine investment interest in Bordeaux.
Bloomberg recently quoted Acker Merrall & Condit’s CEO John Kapon as commenting that interest in
Bordeaux had “reawakened” and he saw “good opportunity in the younger wine segments”. Acker Merrall & Condit’s upcoming April sale would feature a case of Latour 2003 with a top estimate of $11,000 and 12 bottles of the same grower’s 2000 vintage, estimated at $7,000.
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