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