Rousseau Chambertin Clos de Beze and ten bottles of 1991 Domaine de la Romanee Conti La Tache each sold for $93,000. A string of Domaine Leroy Musigny sold for ties at third, fifth, and seventh places, as eight bottles each of 19 sold for $117,800 a piece, six bottles each of 19 (New World Record) realized $111,600 respectively, and six bottles of the 2001 vintage fetched $99,200 (New World Record) - bravo to Madame Leroy! Eighth place was another tie, where twelve bottles of 1993 A. In the second position, and another record breaker, was twelve bottles of 1991 Armand Rousseau Chambertin Clos de Beze that fetched $124,000. The Top Ten Lots of the sale were peppered with New World Records as first place was taken by six bottles of 2002 Domaine Leroy Musigny, which sold for a record setting $136,400. An astonishing 52 lots sold for over $50,000, cementing Burgundy’s position securely atop the luxury wine market.
ACKER WINES FULL
The unquenchable thirst to possess the finest and rarest bottles from the region were on full display as the auction brought in US$13.95M in sales, along with 125 New World Records, with 100% of all lots sold. Lot 136, 147: 12 bottles each 20 Comte Liger-Belair La RomaneeĪcker’s single cellar, two-day auction, The Holy Grail of Burgundy, brought the wine market’s Fall fervor to a whole new level, as nearly 20% of the succinct sale achieved New World Records, 125 in all. "With restaurants and bars closed, holidays out of the question, and generous stimulus packages pumping cash into the economy, people have found themselves with extra money to burn and have been treating themselves to luxuries such as fine wine, which can be readily enjoyed at home," Millar said.Three of the top performing lots in Acker’s Holy Grail of Burgundy Auction:
"Whiskey has become another active collectible over the last five years, like wine, and many investors are seeing the returns and entering the asset class, further propelling the prices of the top rare whiskeys," Kapon said. Spirits are attracting attention from younger consumers, especially as more people began drinking fine whiskey during COVID-19 pandemic lockdowns. According to Kapon, "wine performs exceptionally well during a long-term inflationary period and acts as a great hedge and store of value."īut fine wines are not the only type of alcohol people are increasingly investing in. Kapon added: "The other part of the economics of wine is that there is a supply and demand imbalance for fine wine." The supply of wines, which is already limited, decreases every year because people drink it, but the number of people interested keeps increasing.ĭue to such a favorable supply-demand imbalance for investors, wine offers a solid asset in inflationary times too.
For example, when markets went down in March last year, wine didn't really budge, he said. People are increasingly noticing that wine is a strong-performing asset to stock, and is seven times less volatile than other luxury assets, according to Kapon.
At the same time, The Drinks Business reported that the average price of Hermès Birkin handbags dropped by 3%, while the average price of investment-grade wines rose by 13%.īut it is not only Bordeaux wines that are in high demand, Rupert Millar, managing editor for Liv-ex, the global marketplace for fine wine told The Drinks Business: "As for which wines have benefited the most, it spans everything from classic French regions (Bordeaux, Burgundy, Champagne, etc.), to increasingly popular labels from Italy and the US, which are taking ever greater shares of trade by volume and value."
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