No Buyer for Moët & Chandon Grand Vintage 1911 at Christie's London

No Buyer for Moët & Chandon Grand Vintage 1911 at Christie's London
12 bottles of Dom Pérignon Warhol edition (vintage 2002) sold for £1,610 or $2,483 (pre-sale estimate between £800 and £1,000)
(© Christie's)

Like Bonhams London wine auction one week ago, Christie's Feb. 21 London sale (see preview here) failed to sell its highest item, the six-bottle lot of Moët & Chandon Grand Vintage 1911, estimated £30,000 to £40,000 ($46,260 to $61,680). On the other end, there was no hardship selling the various great Champagnes featured, like the 12 bottles of Dom Pérignon Warhol edition (vintage 2002) for £1,610 ($2,483), or the 12 bottles of Salon 1996 for £2,760 ($4,256).

The rest of the event saw a vast majority of lots exceeding their pre-sale high estimate. This was, for example, the case for the 12 bottles of Pétrus 1982, which achieved £25,300 or $39,013 (pre-sale high £24,000). Two similar lots of Lafite of the same notorious vintage, but in various conditions,  sold for £34,500 ($53,199) and £23,000 ($35,466), the pre-sale high having been respectively £30,000 and £20,000. Among the most prestigious lots of the sale, only the 12-bottle Mouton 1982 received a last bid near the low pre-sale estimate, at £10,350 ($15,960) versus £10,000.

Of the four 3-bottle lots of Romanée-Conti Grand Cru, the 1989 and 1995 sold above the highest estimation at £18,400 ($28,373) and £21,850 ($33,693). The Bonnes Mares 1990 Roumier had a realized price of £10,925 ($16,846) against an expectation of £7,000 to £9,000. The 12-bottle Clos Vougeot 1990 from another famed Bourgogne estate, Leroy, sold for £7,475 or $11,526 (pre-estimate high £6,000).

The "Y de Yquem" 2011 direct shipment of three magnums had a final price of £748 each ($1,153), approximately the same price as at Feb 5 Artcurial auction. The other direct consignment of Château d'Yquem, the 9l lot of the 2011 sweet cuvée, has been sold for slightly less than in Paris (£8,050 or $12,413 against €9,800 or $12,930).