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Burgundy & Bordeaux Buoyed by Sales to Asia

Henri Jayer 1996 Cros Parantoux
Henri Jayer 1996 Cros Parantoux

Acker Merrall & Condit auction house has reported over 35% of winning bids on its recent auctions were from Asia based buyers; from collectors in China, Hong Kong, Macau, Taiwan, Japan and Singapore. Fifty-eight new world records were set, led by Burgundy’s 27 lots from 14 different producers, showing its broad demand.

During an auction in New York on 22nd May 2013, three lots sold for $29,520 each. They were:

  • Twelve bottles of 2009 Liger-Belair La Romanee,
  • 1996 Domaine de la Romanée-Conti Assortment case,
  • Six bottles of 1996 Henri Jayer Cros Parantoux.

Close on the heels of those top lots was a three bottle original wood case of 2004 Romanee-Conti which sold for $27,060.

Acker Merrall & Condit’s CEO, John Kapon, commented on the sale:

“The 2013 auction market remains healthy, with collectors worldwide continuing to seek out Burgundy and Bordeaux’s great winemakers and vineyards. Another important trend this year is that both older and recent vintages are being sought after by clients worldwide.

“Our next Hong Kong auction is only a week away. We are thrilled to be celebrating our 5th Anniversary auction and have packed the sale accordingly with some superb collections.”

Acker Merrall’s next auction will be in Hong Kong May 31st – June 1st. Following Hong Kong, the auction house will conclude the first half of 2013 in New York with a sale in the Hamptons on Saturday June 29th.

About Lifestyle Desk

Lifestyle Desk
Editors and staffers from the Lifestyle Desk at The Global Herald.

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