Acker Merrall & Condit’s November Wine Auction in Hong Kong hits US$14.5 Million

 The Highest Total for Any Single Wine Auction This Year with 145 World Auction Records Set

HONG KONG--(BUSINESS WIRE)--Acker Merrall & Condit, the world’s leading wine auctioneer and America’s oldest fine wine merchant, concluded its two-day wine auction in Hong Kong on 5 November 2011 with an outstanding total of HK$112,740,200/ US$14,453,872 and 98% sold, far exceeding pre-sale expectations. This is the highest total achieved for any single wine auction in the world this year, reaffirming Acker’s Number One position in the global wine market. The Don Stott Collection, the world’s greatest Burgundy collection that has been hailed as a reference library of great Burgundy, generated immense interest from collectors all over the world. Highly competitive bidding was witnessed throughout this two-day landmark auction, which reflected the escalating demand and passion for fine Burgundy wines in the global market. 145 World Auction Records were set including 23 records for Georges Roumier, 22 for Domaine Dujac, 17 for Domaine de la Romanee Conti, 13 for Louis Jadot, 9 for Henri Jayer, 8 for Domaine Leroy, 7 for Armand Rousseau and 5 each for Comte de Vogue, Clos du Tart, Domaine Leflaive and Emmanuel Rouget.

“Eric’s 1993 Chambertin Clos de Beze was one of my three best wines tasted this week, and we tasted over one hundred top Burgundy wines. All his wines are great, but his 1993s are on a different level. I gave it 98 points”

John Kapon, CEO of Acker Merrall & Condit Companies, commented after the sale: “Only the collection of Don Stott could set 259 World Records over the course of two sales, and there would have been dozens more if we could account for mixed lots. This has been a sensational week for Acker and the global wine market. We are thrilled with the unparalleled results of the sale, which was the most important Burgundy sale ever. Don Stott is the world’s foremost collector of Burgundy, and his cellar is unchallenged for its great depth and diversity of Burgundy, even after this sale. The enthusiastic market response attests to the robust market in Asia for fine and rare wines, as well as our leadership in representing the world’s greatest collections. Our success both in Hong Kong and New York, where last week we offered Part I of the Don Stott Collection, has set a new benchmark for the entire region of Burgundy. The results are a testament to the growing demand for Burgundy in the international marketplace, also proving that Chinese wine lovers have diversified their interest and taste in wine appreciation and collecting. This sale has once again underscored Hong Kong’s growing status as an international hub of fine and rare wines.

“We are also very pleased that eight of the most prestigious producers in Burgundy, including Chateau de la Tour, Maisons Drouhin and Jadot, and Domaines Clos de Tart, Dujac, Liger-Belair, Rousseau and Senard, all came to Hong Kong specially to attend our sale and host with us a series of great events. Hong Kong welcomed them with open arms, and they reciprocated with hundreds of bottles of great Burgundy.”

Mr. Don Stott said: “I am delighted to have entrusted Acker Merrall with the sale of part of my collection, which realized amazing results. I have a longstanding personal and business relationship with John Kapon, and his team has been first class all the way. Wine, particularly Burgundy, is all about sharing, and I am happy to share my passion and my collection with the new frontier of fine wine in Asia. It is a great feeling to see such a strong passion and appetite for Burgundy, and I believe they will pass on my great love and enjoyment for Burgundy in the years to come.”

The Stott Collection featured thousands of bottles from a who’s who of notable Burgundy producers, led by Romanee Conti, Jayer, Rousseau, Dujac and Roumier.

Domaine de la Romanee Conti

The prestigious DRC section represented the largest dollar value in the sale of any producer and commanded impressive prices. These wines were highly sought after by discerning collectors. The star lot from this collection was a case of 1990 DRC La Tâche which fetched a staggering price of HK$536,800/US$68,821 (Lot 1206). Other distinguished La Tâche offerings included a case of 1985 La Tâche which was sold for HK$390,400/US$50,051 (Lot 1202).

A Jeroboam of 1999 DRC Romanee Conti stole the show from the 1990 La Tache after a furious round of bidding, resulting in a World Record Price of HK$585,600/US$75,077, (Lot 1264). Other high prices were established for 6 bottles of 1995 Romanée Conti at HK$439,200/US$56,308, Lot 1258) and 3 bottles of 2005 Romanee Conti in owc at HK$366,000/US$46,923 (Lot 1270).

Also of note were two parcel lots of a case of 1990 DRC Richebourg which fetched HK$268,400/US$34,410 each (Lot 1181 & 1182). A case of 1996 and a case of 1999 DRC Assortment were sold for HK$292,800/US$37,538 (Lot 1142) and HK$390,400/US$50,051 (Lot 1143) respectively, both World Auction Records. The top white of the sale also came from DRC, a rare case of 1990 DRC Montrachet in owc, realizing HK$536,800/US$68,821 (Lot 1128), another World Auction Record.

Henri Jayer

The sale featured a dazzling array of Burgundy masterpieces, among those many by the legendary winemaker Henri Jayer, who inspires reverence from all Burgundy admirers. The top-selling lot of the entire sale was a rare 12-bottle case of 1990 H. Jayer Vosne Romanée Cros Parantoux which achieved a strong price of HK$732,000/US$93,846 (Lot 566) after highly spirited bidding. Other vintages of Jayer’s Vosne Romanée Cros Parantoux also fetched strong results including:

  • 5 magnums of 1988 H. Jayer Vosne Romanée Cros Parantoux (HK$341,600/US$43,795, Lot 564)
  • 3 magnums of 1993 H. Jayer Vosne Romanée Cros Parantoux (HK$244,000/US$31,282, Lot 569)

While the wines of DRC and Jayer have long littered the Top Ten results of numerous Acker auctions, the wines of Rousseau, Roumier and Dujac seemingly catapulted to another level, with strong demand not only from Hong Kong, but also the mainland as well as Europe and the USA.

Domaine Armand Rousseau

There is no better source from which to purchase Domaine Armand Rousseau’s wines than the Don Stott Collection, as Rousseau has been a personal favorite of Don’s for years. A wonderful selection of vintages dating back to the mythical 1919, the Domaine’s first vintage, brought seven World auction records, including a case of 2005 Chambertin at HK$$185,440/US$23,774, (Lot 733) and three magnums of extraordinary 1985 Chambertin for HK$$195,200/US$25,026, (Lot 466). There was keen interest from mainland bidders in Rousseau’s wine, illustrating the growing interest in Burgundy in China now. Eric Rousseau, third-generation winemaker and now owner of the family Domaine, was on hand, personally sharing numerous wines with bidders throughout the week. “Eric’s 1993 Chambertin Clos de Beze was one of my three best wines tasted this week, and we tasted over one hundred top Burgundy wines. All his wines are great, but his 1993s are on a different level. I gave it 98 points,” noted John Kapon, or ‘JK’ when he does his tasting notes.

Domaine Dujac

Dujac wines possess fantastic aromatic purity and classy tannins, and the importance of this Domaine is now being recognized internationally under the guidance of Jeremy Seysses. Important lots in this sale included 6 bottles of 1978 Clos de la Roche, which achieved HK$156,160/US$20,021, (Lot 326) and a case of 1993 Clos de la Roche, which sold forHK$117,120/US$15,015 (Lot 328) that were both record-breakers. Kapon added, “Jeremy brought with him to Hong Kong some bottles of his legendary and super-rare 1978 Clos de la Roche for fifty clients to taste, and it was one of my top three wines tasted this week as well. It is a magical wine, and a most generous contribution from Jeremy for this magical week. Everyone who tasted it wanted to own this wine.”

Domaine Roumier

Roumier’s exceptional wines were highly coveted by collectors, exemplified by six bottles of exceedingly rare 1978 Musigny for HK$463,600/US$59,436 (Lot 860) and a full case of the sublime 1971 Bonnes Mares for HK$439,200/US$56,308, (Lot 816), both World Auction Records. In fact, Roumier took top honors as far as new world records, with twenty-three in total. Seven new records were set for Musigny and Bonnes Mares, while his adored Les Amoureuses bottling snared six new ones. “We tasted two divine wines from Roumier on Saturday, the first being a stunningly gorgeous 1993 Les Amoureuses and the second being a mythical 1971 Bonnes Mares. I can still taste the wine a day later. It was hauntingly great, another 98 pointer and a true wine legend. There is nothing like a great, old wine. I am glad my friend bought the case; I will be visiting him for dinner soon,” Kapon chuckled.

Bordeaux

Bordeaux kept moving right along in the sale as well, as a superb selection of Bordeaux from ‘Don and Friends’ was offered, complimented by two guest cellars of Bordeaux.

Top lots in these sections included:

  • 1 case of 1982 Petrus: HK$488,000/US$62,564 (Lot 1017)
  • 1 case of 1982 Petrus: HK$439,200/US$56,308 (Lot 207)
  • Cases of 1982 Lafite: HK$439,200/US$56,308 each (Lot 955 & 956)
  • 1 case of 1982 Lafleur: HK$341,600/US$43,795 (Lot 687)
  • 1 case of 1989 Petrus: HK$317,200/US$40,667 (Lot 1019)

Acker Merrall & Condit will hold the next Hong Kong auction on 9 & 10 December 2011, where it plans on selling “the lot of the year,” per Mr. Kapon.

About Acker Merrall & Condit

Established in 1820, Acker Merrall & Condit is America’s oldest fine wine merchant and the world’s largest wine auction house. With operations in New York, Chicago and Hong Kong, the companies host more than 25 live and internet auctions annually. They are devoted to helping their customers buy and sell the best wines, and also to sharing with them the experience of enjoying wine. Starting out as a family business, three generations of the Kapon family have been dedicated to bringing the best from the vine to their customers.

Contacts

Berns Communications Group
Jessica Liddell/Katie Goldblatt
212-994-4660
jliddell@bcg-pr.com

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