Single-owner sale raises over $24 million

Jancis Robinson

Wednesday 25 October 2006 • 1 min read

New York auctioneer Acker Merrall & Condit shattered the previous world record of $14.4 million for a wine auction by over $10 million dollars with an extraordinary two-day sale of part of a single cellar which notched up a total of more than $24.4 million. More than 94% of these hedonistic lots were sold and many new individual records were made (see below). The vendor is barely 30 and this was his second large sale of huge quantities of some of the wine world’s rarest names. No wonder Acker M keep stressing the quality of the provenance.

But as my neighbour at dinner last night, himself one of many successful bidders who were wined and dined by the vendor at Cru the night before the auction, pointed out, wine is still a steal relative to other investments. Even if he’d bought every lot he’d only have spent $24 million while a single Jasper Johns could set you back more than $80 million…

According to Acker Merrall’s marathon man of the saleroom John Kapon, “the most spirited bidding came from those who knew the owner of the collection personally and have been treated to many wines from his cellar; the reputation and provenance of his cellar preceded him. Many of those bidders were able to taste an incredible assortment of legendary wines the Thursday night before the sale. Thursday night's pre-sale event had five or six near perfect wines for me. I will never forget the four Romanée Contis: 1929, 1937, 1959 and 1962...or the 1962 La Tache...or the 1959 Ponsot...or the 1945 Roumier Bonnes Mares...or the mags of ‘59 Lafite and ‘61 La Miss...or...”

Complete sale results can be found at www.ackerwines.com/archives

Word document PDF: click here

24 lots went for over $100,000:

2222 12 bottle 1990 Romanée Conti, DRC $161,325

629 12 bottle 1945 Chateau Mouton Rothschild Pauillac $155,350

630 12 bottle 1945 Chateau Mouton Rothschild Pauillac $155,350

632 6 magnum 1945 Chateau Mouton Rothschild Pauillac $155,350

1604 6 magnum 1962 Musigny Vieilles Vignes, Comte de Vogue $149,375

2173 12 bottle 1962 Romanée Conti, DRC $131,450

2152 2 magnum 1929 Romanée Conti, DRC $125,475

2063 12 bottle 1962 La Tache, DRC $125,475

2206 12 bottle 1978 Romanée Conti, DRC $125,475

2208 6 magnum 1978 Romanée Conti, DRC $125,475

2210 1 Methuselah 1978 Romanée Conti, DRC $125,475

2166A 12 bottle 1959 Romanée Cont,i DRC $125,475

704 6 magnum 1947 Chateau Cheval Blanc St Emilion $119,500

699 12 bottle 1947 Chateau Cheval Blanc St Emilion $113,525

1815 6 bottle 1923 Bonnes Mares, G Roumier $113,525

700 12 bottle 1947 Chateau Cheval Blanc St Emilion $107,550

1902 12 bottle 1959 Musigny, G Roumier $107,550

2261 1 Methuselah 2001 Romanée Conti DRC
1 Methuselah 2002 Romanée Conti DRC $107,550

738 12 bottle 1947 Chateau Pétrus Pomerol $101,575

2144 1 magnum 1911 Romanée Conti DRC $101,575

2146 1 magnum 1919 Romanée Conti DRC $101,575

2064 4 magnum 1962 La Tache DRC $101,575

2193 12 bottle 1971 Romanée Conti DRC $101,575

2199 1 Methuselah 1971 Romanée Conti DRC $101,575.00

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