$7.5 million wine auction bullish on Burgundy
- November 16, 2009 12:00
The world’s oldest charity wine auction, held every year in France for the Hospices de Beaune, Sunday night raised a hammer total of 5 million euros ($7.5 million) with fees, the second-highest in its 150-year history. Demand was boosted for the new vintage when a record 802 barrels were offered. Prices for the 654 lots of red wine were 31.1 percent higher than last year; whites, contributing 145 lots, were down 2.8 percent from 2008, said auctioneer Christie’s. A European private bidder paid 57,750 euros for a barrel of the Grand Cru white, Batard-Montrachet Cuvee Dames de Flandres.