Capital Vintners

Capital Vintners

Once again Burgundies steal the show and top the auction lists.

This weekend auctions at Sotheby’s in New York and Zachys’ in Hong Kong both saw high figures, especially for white Bordeaux and Burgundies.

Highlights of the New York auction included a 10-bottle case of 1988 Domaine de la Romanee-Conti Montrachet for £29,000 and three bottles of 1985 for £9,200. both these sales were well over their estimated prices.

At Capital Vintners we have been closely following the rise of the Burgundies, and in particular the wines from Domaine de la Romanee-Conti (DRC).

Not only were there strong showings from DRC; Henri Jayer’s Cros Parentoux, another Burgundy wine, sold eight bottles for £25,000.

At another auction in Paris, which was opened by Carla Bruni, one barrel (350l)  of Corton Grand Cru was sold for £220,000!

Now that China is France’s fourth largest wine export market, Burgundy wines – beloved by the Far East – are bound to see a sharp increase in desirability and huge opportunities for profit.