“I’m officially impressed,” commented Acker Merrall & Condit Companies CEO John Kapon. “New York has been absolutely sizzling so far this year, going from strength to strength. The breadth and depth of a New York auction are second to none, and the market
NEW YORK, N.Y. (PRWEB) April 09, 2014
The New York market continued to roar this past weekend as it continued its valiant effort to reclaim the throne as the world’s most important wine market. “I’m officially impressed,” commented Acker Merrall & Condit Companies CEO John Kapon. “New York has been absolutely sizzling so far this year, going from strength to strength. The breadth and depth of a New York auction are second to none, and the market appreciates that more than ever. It will also appreciate the fact that on May 3rd, we will be auctioning selections exclusively from two of the greatest collections in America, both well exceeding US$1 million. It is exciting to have a sale like that in New York again, and the market is thirsty for it.”
The April 5th auction started off with a bang, thanks to the largest collection of Sine Qua Non ever auctioned by Acker. Most lots from this collection hammered far above pre-auction high estimates, including a three bottle lot of the very rare first ever SQN release, the 1994 Queen of Spades, that sold for $8027 versus a high estimate of $3500, as well as magnums of the 2001 On Your Toes trading for $3,396 each.
What followed throughout the day were world records falling for the greatest wines of Burgundy, Bordeaux, Champagne, the Rhone, Italy, Spain and California, but Burgundy dominated, with 84 of the 111 New World Records set by the belle of the ball. DRC, Ramonet, Henri Jayer, Leflaive and Ponsot made sure Burgundy also dominated the Top 25 lot results, taking 15 of the Top 25, led by the auction’s top lot, a three bottle OWC of 2010 Romanee-Conti that sold for $37,050. Bordeaux grabbed the other ten of the Top 25 lots, including OWCs of 1989 Haut Brion, the stellar 2000s from Lafite, Latour, Mouton, Margaux and Cheval Blanc plus 1996 Lafite and 1975 Lafleur.
Of the new World Records, Fourrier led the way with eleven, yet the diversity of demand and world records from Burgundy was as diverse as the region itself. Other notables included 2008 and 2010 Rousseau; 1966, 1969 and 1976 DRC; two vineyards of 1989 Henri Jayer magnums; six Dujac vintages, five for Roumier and five new World Records from Leflaive. Just as importantly, there were 22 overall World Records for white Burgundies, which is a sign that it isn’t always a red, red world. Other notable producers setting world records outside of the Burgundy world included Ausone, Bollinger, Bruno Giacosa, Egon Muller, Lafite Rothschild, Marcassin, Pegau and Vega Sicilia.
“It was apparent early in the day that prices would be strong,” continued Kapon. “Sine Qua Non set the bar high, and pockets of strength were in all categories. Burgundy is clearly dominating the headlines at the moment, which is why I am very excited that we will offer two of the greatest Burgundy collections NYC has seen since the days of Don Stott. ‘A Tale of Two Cellars’ on May 3rd here in NYC will be solely and only from two of the world’s greatest Burgundy collectors, men well known among other collectors for knowledge, passion and generosity. This will be one of the ‘don’t miss’ auctions of 2014.”
Acker Merrall’s next New York auction will be May 3rd at Marea in New York City, while Acker Asia’s next Hong Kong auction will follow on May 30th-31st at Grissini at the Grand Hyatt.
For more information contact Lambert Jemley, Acker Merrall, lambert(at)ackerwines(dot)com
April 5th Highlights (per unit price) Lot
0.75 1985 Bollinger Vieilles Vignes Francaises Blanc de Noirs 246 $1,852.50
0.75 1978 Bruno Giacosa Barolo Riserva Speciale Villero 257 $1,482.00
0.75 2010 Domaine Leflaive Montrachet 235 $5,557.50
0.75 1966 DRC Echezeaux 312 $1,729.00
3L 2002 Dujac Clos de la Roche 503 $5,187.00
0.75 2007 Egon Muller Scharzhofberger Auslese 251 $411.67
0.75 2010 Georges Roumier Bonnes Mares 227 $1,646.67
1.5L 1989 Henri Jayer Echezeaux 472 $19,760.00
1.5L 1989 Henri Jayer Vosne Romanee Cros Parantoux 473 $19,760.00
6L 2010 Pegau Chateauneuf du Pape Cuvee da Capo 413 $3,952.00
1.5L 1990 Ponsot Clos de la Roche Vieilles Vignes 274 $5,187.00
0.75 2010 Rousseau Chambertin 361 $1,729.00
0.75 1985 Rousseau Gevrey Chambertin Clos St. Jacques 311 $1,317.33
0.75 2006 Sine Qua Non Syrah Shot in the Dark 121 $782.17
3L 2005 Sine Qua Non Syrah The 17th Nail in my Cranium 120B $6,175.00