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Inaugural Wine Auction Realizes $1.65+ Million at Heritage Auctions


BEVERLY HILLS, CA.- An Imperial of Chateau Lafite Rothschild 1982 brought $28,680 as the top lot of Heritage Auctions’ $1.65+ million Inaugural Signature® Wine Auction, April 1, held at the company’s Beverly Hills location, 9478, West Olympic Boulevard. All prices include 19.5% buyer’s Premium.

“This auction was a great launch for us, and it was no surprise to see the great vintages of Chateau Lafite Rothschild commanding top prices,” said Frank Martell, Director of Rare & Fine Wines at Heritage. “For that matter, even lesser vintages achieved strong prices, such as a case of the 1984, which brought $11,353. Our practices of publishing all reserves and revealing current absentee bid levels as the auction progresses were exceptionally well received, but it was most interesting that our top buyer participated using our live bidding tool – a very exciting development that speaks to the strength of the Heritage platform.”

Besides the Chateau 1982, the next highest earner in the auction was a 12 bottle lot of Chateau Lafite Rothschild 1996, which realized $22,705.

In total the auction saw more than 320 bidders vying for more than 1,220 lots, with the final numbers translating in a 94% sell- through rate by overall value.

One more lot broke the $20,000 mark as a dozen bottles of DRC Assortment 1995 realized $20,315.Three magnums of Chateau Le Pin 2000 were the subject of significant bidder interest on their way to realizing $19,120 as another Chateau Lafite Rothschild, this time from 1986, finished the auction at $17,925.

Further highlights include, but are not limited to:

Chateau Haut Brion 1989, 12 bottles: Realized: $17,925.

Chateau Mouton Rothschild 1982, 12 bottles: Realized: $17,925.

Chateau Le Pin 1998, three magnums: Realized: $16,730.

Chateau Latour 2003, six magnums: Realized: $11,950.

Chateau Mouton Rothschild 1986, 12 bottles: Realized: $11,353.






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April 22, 2011

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