09/16/2020 | Press release | Distributed by Public on 09/16/2020 14:34
Press Release - September 16, 2020
DALLAS, Texas (September 16, 2020) - Dozens of world records were broken as Heritage Auctions' Fine & Rare Wine Auction roared past the high estimate to achieve $1,514,138 in sales Sept. 11.
Many of the new records topped the previous standards by wide margins in the auction that boasted a sell-through rate of 99% by lots sold.
'This auction broke dozens upon dozens of world records, which is absolutely incredible in the current global environment,' Heritage Auctions Fine & Rare Wine Senior Director Frank Martell said. 'Setting the world record for things like 1959 La Chapelle, 2007 Screaming Eagle, 1959 (mag) 1986, 1995, 2007 Petrus and 2010 Haut Brion, is fantastic, but to also shatter the records for things like 2013 Gaja Sperss, 1985 Rauzan Segla, 2014 Sine Qua Non Lightmotif and 2006 Colgin IX is really something special.
'You expect a sale to be strong in Bordeaux, or burgundy, or domestic wines … but you never expect to shatter expectations across the boards like we did in this sale.'
Among the headline-worthy vintages that set records when they crossed the block:
· Two lots of Screaming Eagle Cabernet Sauvignon 2007 Bottle (3) : $11,685 each
· Chateau Petrus 2007 Pomerol Bottle (2): $4,920
· Colgin Red 2006 IX Estate Bottle (3): $1,722
· Barolo 2013 Sperss, Gaja Bottle (6): $1,537.50
Such lots underscore the extraordinary quality that flowed throughout the event, as well as the knowledge and appreciation of the bidders.
As records fell throughout the event, other lots came close to setting new standards of their own, including a Chateau Petrus 1959 Pomerol Magnum (1), which finished at $14,760, and a Chateau Margaux 2005 Margaux Bottle (3), which sold for $2,706.
Several top lots in the auction came from the Orbit Collection, and Romanee Conti 2014 Domaine de la Romanee Conti Bottle (2), sold for $29,520 to lead all lots. Other top lots from the Orbit Collection included, but were not limited to:
· Chateau Petrus 2000 Pomerol Bott le (3): $15,990
· Chateau Petrus 2006 Pomerol Bot tle (4): $10,455
· Chateau Mouton Rothschild 1982 Pauillac Bo ttle (8): $7,687.50
Bonnes Mares 1996 D'Auvenay (Leroy) Bottle (6), from Bob Davids' Private Collection from Sea Smoke Winery, brought a winning bid of $19,680.
The Calvinson Collection came from an incredible cellar of world-class wines. Highlights from the collection included Chateau Petrus 1959 Pomerol Magnum (1), which sold for $14,760, La Tache 1959 Domaine de la Romanee Conti Bottle (2), which found a new home at $7,995, and La Tache 1966 Domaine de la Romanee Conti Bottle (2), which closed at $5,227.50.
Other top lots included, but were not limited to:
· Chateau Lafleur 1975 Pomerol Bottle (5): $12,300
'It seems evident that some people are looking for alternative investments at a time of great uncertainty, and it is also true that while the market is highly volatile, some savvy investors are feeling really flush,' Martell said. 'Overall, the confidence in the wine market is the story here, with sellers, collectors and drinkers both enjoying themselves immensely at the moment.'
For complete results, visit HA.com/5509.
Heritage Auctions is the largest fine art and collectibles auction house founded in the United States, and the world's largest collectibles auctioneer. Heritage maintains offices in New York, Dallas, Beverly Hills, San Francisco, Chicago, Palm Beach, London, Paris, Geneva, Amsterdam and Hong Kong.
Heritage also enjoys the highest Online traffic and dollar volume of any auction house on earth (source: SimilarWeb and Hiscox Report). The Internet's most popular auction-house website, HA.com, has more than 1,250,000 registered bidder-members and searchable free archives of five million past auction records with prices realized, descriptions and enlargeable photos. Reproduction rights routinely granted to media for photo credit.
Steve Lansdale, Public Relations Specialist
214-409-1699; [email protected]