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Low auction prices!
Posted: Fri Sep 16, 2005 8:11 am
by Tom Archer
At recent London auctions, the prices realised have been well below estimate - for example, Warre '91 recently sold at Sotheby's for just £10 ($18) a bottle!
Welcome news for drinkers, but it makes the en primeur prices for 2003 look way over the odds.
After a decade of inflation busting prices rises, has the bubble burst?
Posted: Fri Sep 16, 2005 8:12 am
by Tom Archer
That smiley arrived from nowhere!
US price is eighteen dollars
Posted: Mon Sep 19, 2005 12:48 pm
by Tom Archer
Prices rebounded at Christies today, with Warre '91 fetching £180 - 50% more than a week ago at Sothebys!
Most lots realised more than the top estimate price.
Prices for Burgundy and the German whites were appalling - many failed to sell or fell short of the lower estimate.
So I didn't buy any VP today, but I did pick up a case of old Mosel that I liked in the pre-sale tasting - for a mere £40!
Posted: Tue Sep 20, 2005 2:21 am
by Stuart Chatfield
You're right - they can be really quirky. I've often been tempted to put in low internet bids across the board in the hope that I'd pick up the odd bargain. However, I'm worried I'd end up with the lot. Lovely bargains, but some explaining might be required at home if my wife sees the bill
Posted: Wed Sep 21, 2005 3:11 pm
by JohnG
Quite so, which is why I buy discretely from a relaible wine merchant.
You have discretion and also a reasonable assurance of good provenance.
John Hardman