Burgundy wine market strong following $3.1m auction



2015-06-26 13:25:18

Burgundy wine market strong following $3.1m auction

Acker, Merrall and Condit's latest sale shows the continued strength of the Burgundy market

Burgundy has once again proved itself as the strongest wine market, this timeat Acker Merrall and Condit's September 7 auction in New York.

 A shortage of top quality wines keeps buoyantBurgundy at the head of the market

The auction saw 95% of lots sold, reaching a total of $3.1m. Wines from the Burgundy region accounted for 53 of the 92 record prices set in the auction, with a banded original wooden case of the 1999 DRC assortment selling for $46,740 as top lot.

A further two six-bottle cases of DRC's La Tache sold as a single lot for $29,250.

The key to Burgundy's success is both quality and rarity, with the auction house's John Kapon commenting: "It's becoming redundant to say that Burgundy is in high demand, but I'll say it again. There just aren't enough of the top wines to go around."

Kapon also highlighted that 12 of the 25 lots of the day were from Bordeaux, particularly Petrus, Lafite, Latour and Mouton, with a strong showing from California and Italy also.

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