A selection of Domaine de la Romanee-Conti wines |
Burgundies ended the year strongly in a Hong Kong auction
this weekend.
Domaine de la Romanee-Conti. Remember this wine estate
because it is breaking records right now. Three 2005 bottles were sold at a
record-breaking price of £14,800 a bottle at an auction in Hong Kong over the
weekend. £3.8 million of wine was sold at the auction, with Burgundies
featuring heavily.
In fact, Domaine de la Romanee-Conti wines (DRC) wines
accounted for nine of the top ten wine lots sold. A case of 1988 Romanee-Conti
sold for £83,000.
As Bordeaux wines feel the pinch as the market levels out,
Burgundies are filling the gap left behind. With the CEO of Acker Merrill &
Condit calling Domaine de la Romanee-Conti (DRC) the “world’s most important
producer,” it’s no surprise that the Far East is seeing huge sums of money
being handed over for these sought-after Burgundies.
The Bordeaux big boys did have an impact and were not
completely missing from proceedings. The third most expensive lot – four bottles
of Latour, four of Margaux, four of Haut-Brion and four of Petrus 2000 – sold for
£12,300.
Recent reports from Burgundy suggest that the 2012 harvest
will be small but sensational. Down 20 per cent on last year’s harvest, it will
however be another great vintage for most of the region’s estates. A Burgundy
Wine Board (BIVB) report stated that “the Chardonnay and Pinot Noir base wines
are fruity, with lovely balance” and that the “deep reds reflected the
diversity of each winegrowing region and offer a happy ending to this unusual
year.”
At Capital Vintners we know and understand that theAsian fine wine markets are diversifying as wine portfolios are diversifying.
We also know that the Asian palate prefers a lighter French wine, and
Burgundies seem to be ticking all the boxes. Burgundy goes well with fish and
other Oriental dishes, making it the perfect accompaniment.
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