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Capital Vintners: Eye on Asia

13th November 2012


A selection of Domaine de la Romanee-Conti wines
Burgundies ended the year strongly in a Hong Kong auction this weekend.
Domaine de la Romanee-Conti. Remember this wine estate because it is breaking records right now. Three 2005 bottles were sold at a record-breaking price of £14,800 a bottle at an auction in Hong Kong over the weekend. £3.8 million of wine was sold at the auction, with Burgundies featuring heavily.
In fact, Domaine de la Romanee-Conti wines (DRC) wines accounted for nine of the top ten wine lots sold. A case of 1988 Romanee-Conti sold for £83,000.
As Bordeaux wines feel the pinch as the market levels out, Burgundies are filling the gap left behind. With the CEO of Acker Merrill & Condit calling Domaine de la Romanee-Conti (DRC) the “world’s most important producer,” it’s no surprise that the Far East is seeing huge sums of money being handed over for these sought-after Burgundies.  
The Bordeaux big boys did have an impact and were not completely missing from proceedings. The third most expensive lot – four bottles of Latour, four of Margaux, four of Haut-Brion and four of Petrus 2000 – sold for £12,300.
Recent reports from Burgundy suggest that the 2012 harvest will be small but sensational. Down 20 per cent on last year’s harvest, it will however be another great vintage for most of the region’s estates. A Burgundy Wine Board (BIVB) report stated that “the Chardonnay and Pinot Noir base wines are fruity, with lovely balance” and that the “deep reds reflected the diversity of each winegrowing region and offer a happy ending to this unusual year.” 
At Capital Vintners we know and understand that theAsian fine wine markets are diversifying as wine portfolios are diversifying. We also know that the Asian palate prefers a lighter French wine, and Burgundies seem to be ticking all the boxes. Burgundy goes well with fish and other Oriental dishes, making it the perfect accompaniment.
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