Monday, October 10, 2011

Winefield's 20th auction in Amsterdam

Dwayne PerreaultWinefield’s Auctioneers completed their twentieth wine auction in Amsterdam on Sunday, October 2nd at a new location, the Diamantslijperij. It was once again a very successful day, with over 88% in value being sold.

This is an encouraging result, considering that auctions in 2011 have been challenged to repeat their record setting performances of 2010. Last weekend, Sotheby’s held their worst auction ever in Hong Kong. They have also closed their Amsterdam office, except for sourcing.

A couple trends seem apparent: the crazy prices for Lafite Rothschild have seemed to plateau, but Mouton Rothschild has come on strong, a shift of Chinese allegiance perhaps? Could it be the decision to use a Chinese artist for the 2008 label is helping promote interest in China, whether Mouton intended it or not?

The top 5 selling lots were as follows:

1. Château Lafite Rothschild 2000 (12 bottles), €20,880
2. Château Le Pin 2000 (6 bottles), €15,360
3. Château Pétrus 2003 (8 bottles), €10,800
4. Château Mouton Rothschild 2000 (12 bottles), €9,882
5. Château Latour 2003 (12 bottles), €9,760

You get a different perspective, however, if you rate the lots by prices payed per bottle. This is perhaps more the perspective of the connoisseur instead of the merchant. When I last did this, on Winefield’s Five Year Anniversary auction, Lafite and Mouton dominated the list. They’ve since had to make way for other treats, such as Domaine de la Romanée Conti, Château Le Pin and Château Pétrus.

Here is a top ten list of the top selling wines, rated by price per bottle:

1. Romanée Conti, Dom de la Romanée Conti 2003 (1 bottle), €6,405
2. Château Le Pin 2000 (6 bottles), €15,360
3. Le Montrachet, Dom de la Romanée Conti 2003 (1 bottle), €2,074
4. Château Lafite Rothschild 2000 (12 bottles), €20,880
5. Château Pétrus 2003 (8 bottles), €10,800
6. La Tâche, Dom de la Romanée Conti 2002 (6 bottles), €6,832
7. Château Pétrus 1953 (1 bottle), €1,037
8. Château Pétrus 1975 (2 bottles), €1,769
9. Château Pétrus 1992 (1 bottle), €829.60
10. Château Mouton Rothschild 2000 (12 bottles), €9,882

Obviously, the turnout was good on what was actually one of the hottest days of one of the coldest summers, on October 2nd! There were also many successful online bids made. The next Winefield’s auction is in Singapore on October 23rd, and then again in Amsterdam on Sunday, December 11th.

1 comment:

George Wroblewski said...

I am hoping to make it to the Amsterdam auction on December 11th.