Château Pétrus Drives Record Breaking $1.5 Million Fine Wine Auction at Heritage

  • DALLAS, Texas
  • /
  • September 25, 2018

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Château Pétrus produced the top six prices at Heritage Auctions' $1.5 million sale.
HERITAGE AUCTIONS

More than a dozen world records fell, and nearly 40 percent of the lots sold for more than their pre-auction estimates to lift the final total for Heritage Auctions’ Fine & Rare Wine Auction to $1,534,971. The 742-lot event sold 99.7 percent by value and 99.18 percent by lot.

“Bordeaux dominated the auction market about 10 years ago, but has taken something of a back seat since then,” Heritage Auctions Rare & Fine Wine Director Frank Martell said. “But many of the great recent vintages – 1989, 1990, 1995, 1996, 1998 and even 2000 were still exceedingly young but now are drinking exceptionally well – are reaching maturity. The Bordeaux results below, including Petrus and Mouton, all fit into this group.”

Château Pétrus produced the top six prices in the event, including Château Petrus 2000 Pomerol Bottle (12), which passed its pre-auction high estimate when numerous bidders drove the final sale price to $51,660, while Château Petrus 2000 Pomerol Bottle (12) brought $49,200.

Another Château Petrus 2000 Pomerol Bottle (12) also drew $49,200, while Château Petrus 1990 Pomerol Bottle (12) yielded $44,280 and Château Petrus 1998 Pomerol Bottle (12) closed at $38,130.

The auction included a broader focus on lower-production Burgundy, with big names like DRC and Leroy enjoying a significant bump recently, a boon that has extended to producers like Liger-Belair, Cathiard, Groffier and Boillot, particularly to their more mature wines. For example, six bottles of J.F. Mugnier Chambolle Musigny Les Amoureuses cleared the high pre-auction estimate by more than 51 percent when it finished at $4,920, while two bottles of 1990 A. Cathiard Romanee St. Vivant nearly doubled the high pre-auction estimate, closing at $2,214.


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