NEW YORK--(BUSINESS WIRE)--Domaine de la Romanee-Conti, the legendary Burgundy estate, continued to grab the lion’s share of collectors’ attention globally during a unique Wednesday night auction session in Manhattan. When the final hammer came down late night at the great Manhattan restaurant Ciano, buyers from Asia, South America, the US and Europe had collectively made DRC the star of the evening. Sixteen of the auction’s top twenty-five lots were from DRC. Of those twenty-five, all but two were from the estate’s famed monopole vineyards, Romanee-Conti and La Tache.
“Our Wednesday night auction in NYC put another emphatic stamp on the ascendancy of DRC during 2012 as the king of collectible wines, in particular Romanee-Conti and La Tache as the sought after wines for collectors around the world”
The 2002 Romanee-Conti snared the auction’s two top lots, as collectors competed to buy two rare, large formats. Three magnums of the 2002 Romanee-Conti led the sale with the winning bidder paying $61,500. A very rare jeroboam (3 liters) of the 2002 brought $43,050, a world record for a jeroboam. This is the only time during 2012 that this wine, in this format, has been offered at auction worldwide. The same is true for the auction’s fourth highest selling lot, another very rare jeroboam of Romanee-Conti from the much smaller 2003 vintage, which was also a world record. A collector paid $36,900 for this highly collectible jeroboam when the bidding was all said and done.
Bordeaux shone too during the night at Ciano. Seven of the auction’s top twenty-five lots were from that great region in France, represented by the famous estates of Lafite, Latour, Mouton and Petrus. A twelve bottle original wood case of the renowned 1982 Lafite was the third highest selling lot at $36,900. Three magnums of the great 1998 Petrus fetched $19,680.
Notable among the auction’s top 25 lots was a twelve-bottle case of a legendary California cabernet. Anyone who has tasted the great 1974 Heitz Cellars Martha’s Vineyard knows it fully justifies its reputation. The case sold for $18,450. Older California cabernets continue to be sought after at auction, a trend that emerged quickly after the summer auction break.
Just a few weeks away, on December 6, 7 and 8 at Grissini in the Grand Hyatt Hong Kong, Acker Merrall will hold its final 2012 Hong Kong auction, an auction that could be the company’s largest of the entire year. The list of incredible lots are headlined by a single lot of eight assorted cases from DRC, a 19 vintage vertical of La Tache, a 10 magnum lot of Screaming Eagle, huge verticals of Chateaux Haut-Brion, Margaux and Yquem plus three very rare magnums of Henri Jayer’s legendary 1978 Vosne-Romanee Cros Parantoux as well as a case of Leroy’s rare and magnificent 1962 Musigny. And these only scratch the surface of what will be a phenomenal three days in Hong Kong. A three days that will include the finest assortment of Italian wines ever to be offered in Hong Kong, including the first ever direct consignment from the cellars of Gaja. For a catalog please download one from www.ackerasia.com.
“Our Wednesday night auction in NYC put another emphatic stamp on the ascendancy of DRC during 2012 as the king of collectible wines, in particular Romanee-Conti and La Tache as the sought after wines for collectors around the world,” said Acker Merrall & Condit’s CEO, John Kapon. “Next we are off to finish 2012 in Hong Kong. It’s going to be a great three days. As a wine lover I haven’t been this excited since the Don Stott auction in November 2011. It’s a great catalog with incredible wines and tons of Burgundy and exceptional wines from Italy, the best collection of Italian wines to be offered at auction in Hong Kong, led by the first direct consignment from the cellars of Angelo Gaja. Of course, Bordeaux will be well represented as well, but this sale is about as A to Z as we have seen in HK. We are going to say thank you to our collectors and friends in Hong Kong for a great 2012 in our usual over the top Acker Merrall way.”
About Acker Merrall & Condit
Founded in 1820, Acker Merrall & Condit is America’s oldest fine wine merchant and the world’s largest wine auction house. With affiliates in New York, Chicago and Hong Kong, the companies hold more than fifteen auctions a year, including Internet auctions. They are devoted to helping their customers buy and sell the best wines, and also to sharing with them the experience of enjoying wine. In recent years, the company has greatly expanded its services to education, tastings and the formation of wine clubs. Starting out as a family business, three generations of the Kapon family have been dedicated to bringing the best from the vine to their customers.