Auctions…again

The massive auction of 2000 Bordeaux wines held in London last week that we highlighted in a previous blog post saw the majority of the wines beat their pre-sale estimates. The full results can be found here, with Decanter's take on the sale available here. Overall the auction totaled more than £1.5 million (including buyer's premium), a notable success for a sale that took place in the midst of the dramatic events that struck the financial markets last week. If we look behind the headlines, however, the wines were sold, in essence, at their market value. As the table below shows, despite busting their high estimates the vast majority of the wines in the sale were sold extremely close to the Liv-ex Current Best List Price (Current BLP, for an explanation of our prices see here). The moral of the story? If you want to know how much a wine is worth, look at Liv-ex.com.

Wine name
(all 2000 vintage)
Christie's
Price
Christie's Estimate Current BLP

Latour

9,200

6,000-8,000

8,800

Lafite Rothschild

10,925

7,000-9,000

10,950

Mouton Rothschild 5,750 3,500-4,000 6,000

Mission Haut Brion

5,865 3,500-4,500 6,001

Haut Brion

5,635 3,000-4,000 5,500

Leoville Las Cases

2,415 1,800-2,200 2,495

Montrose

1,150 800-900 1,120

Lynch Bages

1,150 800-1000 1,200

Pichon Lalande

1,438 1,100-1,300 1,440

One thought on “Auctions…again

  • September 26, 2008 at 11:59 am
    Permalink

    Is the Christies price the total price, IB to the customer inc all premia?

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *