1982 Lafite-Rothschild brings $36k in Chicago



2015-06-26 11:46:17

1982 Lafite-Rothschild brings $36k in Chicago

A 12 bottle case starred ahead of La Tache, DRC Echezeaux and Ptrus vintages in the US

Edward Roberts International's December 13 wine auction created spirited competition among bidders on Sunday, with 90% of lots selling significantly over their estimates.

Leading the sale was a case of 12 bottles of 1982 Chateau Lafite-Rothschild. Entering the sale with a $20,400-27,600 estimate, they eventually sold for $35,891.

Corks werelikely popped as the case left the auction block: it very nearly matched the $38,400 achieved by another dozen bottles of the 1982 at Christie's, last month.

Just behind the 1982 were a dozen bottles of the 1986 vintage. They doubled their lower estimate ($7,100-9,700), bringing $13,804.

Other prices in the sale were as follows:

One Jeroboam 1971 DRC La Tache, est. $7600-10,300, sold for $12,257 Five Bottles 1985 DRC La Tache, est. $9300-12,600, sold for $12,138 Eight Bottles 2006 DRC Horizontal, est. 8100-10,900, sold for $9044 12 Bottles 2005 Leroy Pommard Les Vignots, est. $4100-6000, sold for $7854 One Bottle 1985 Romanee-Conti, est. $6400-8600, sold for $7497 Seven Bottles 1985 DRC Echezeaux, est. $3600-4800, sold for $7259 Two Bottles 1990 DRC La Tache, est. $4600-6300, sold for $7021

 Many of the fine wines at Edward Roberts International's sale exceeded their estimates

12 Bottles 1985 Chateau Lafite-Rothschild, est. $3100-4100, sold for $6902 12 Bottles 1983 Chateau Lafite-Rothschild, est. $3600-4800, sold for $6307 One Bottle 1961 Chateau Petrus, est. $5900-8000, sold for $6307 Six Bottles Giacomo Conterno Barolo Monfotino Riserva, est. $3600-4800, sold for $4641 Nine Bottles 2002 Chateau Lafite-Rothschild, est. $1800-2500, sold for $4046 Two Bottles 1961 Chateau Mouton-Rothschild, est. $2800-3500, sold for $3808.

Of the above, the seven Bottles 1985 DRC Echezeaux were a star lot, doubling their estimate. Although, surprisingly, the 1961 Chateau Petrus - given a 100/100 "perfect" rating by fine wines expert Robert Parker - failed to reach its top estimate. But its value will undoubtedly continue to appreciate with time.

Edward Roberts International is currently accepting consignments for its next fine wine auction, scheduled for Sunday February 7, 2010, againat the Union League Club of Chicago.

The success bothof this sale and the Christie's auction draws a close to averygood year for the fine wine markets, despite the recession.

The marketsrecovered strongly during the second half of 2009, according to Liv-Ex -thanks, in no small part, to growing interest in Asia.

With the top wines performing better than ever during some periods of the year, set to continue into 2010, now could be the ideal time tostart your own fine wine collection.

Image: Edward Roberts International

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