Lafite Rothschild reigns at 'immensely successful' $8.5m Chicago wines sale



2015-06-26 12:06:52

Lafite Rothschild reigns at 'immensely successful' $8.5m Chicago wines sale

'Market conditions have never been more favourable for sellers' says auction house Hart Davis Hart

Hart Davis Hart held an "immensely successful" auction last weekend in Chicago, realising total sales of $8,520,955 against a pre-sale auction estimate of $5,045,970-$7,568,530.

The sale was the second largest auction in the history of the company, and was the second blockbuster auction the firm has conducted in a little over a month.

The firm has sold $15,930,695 worth of fine wines at auction in Chicago since the third week of September, according to figures released by the auction house.

The reigning 'King of Bordeaux', Chteau Lafite Rothschild, once again generated intense bidding from collectors worldwide, with multiple cases of the 1982 and 2000 vintages commanding $57,360 and $28,680 per case respectively.

Offerings of Chteau Petrus and Domaine de la Romane-Conti were also among the many wines that sparked intense interest and achieved strong prices throughout the two-day auction, with many soaring above the high end of their estimates.

One unique consignment was a selection of every vintage of Harlan Estate, offered directly from the estate.

An exceedingly rare imperial of the 1990 vintage, the estate's first commercial release, realised an astounding $11,352 against a pre-sale estimate of $5000-$7000.

"It was exciting to witness the reaction to this amazing selection with perfect provenance," commented Paul Hart, CEO, in a statement.

"We are thrilled with the momentum of our fall season, and gratified by the enthusiastic participation of collectors worldwide," noted Michael Davis, Vice-Chairman.

"Market conditions have never been more favourable for sellers."

Hart Davis Hart's next two-day auction will be held on December 10 and 11, featuring a selection from the magnificent cellar of Grae Verlin.

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