“Collectibles - Investing, Collecting, Dealing, News, Auctions and much more”

The Internet's Most Popular Collectibles Newsletter

FREE REPORT: Sign up for your free newsletter for exclusive news and expert opinion and receive your free report as seen on MSN Money: "The Secret Index" +14.84% increase per annum

Sign up for your FREE newsletter

Current location: News | WINE, WHISKY & SPIRITS | 2011 News Archive

Krug Champagne

A fizz of excitement... The sparkling Champagne collections of Robert A Rosania

Having built up a great cellar of bubbly in under a decade, Rosania set a world record for Dom Perignon

 

Real estate investor Robert A Rosania is a slim, lively figure whose Champagne collection has been world-class for several years.

He started his wine collecting in the more popular way, buying Burgundy and Bordeaux in 2000. Fine red wine has a more established worldwide market, and the idea of letting it age is commonly accepted, whilst few do the same with Champagne.

Drinking aged Champagne has typically been thought of as an eccentric British idea, but New Yorker Rosania is at the forefront of those, particularly from America, who have been changing that. He'd been collecting wine for a few years when he tried a pre-WWII Krug.

It was either the 1934 or 1937 vintage. Rosania can't remember which, but he does know it was 'incredible'. He changed course and rapidly built up an astonishing cellar filled with great examples of Pol Roger, Krug and Dom Perignon.

This was relatively affordable. As he noted in a 2008 discussion with British newspaper The Financial Times:

"96 Salon is $300 or $350 a bottle, and 2005 RC [Romanée-Conti] is $8,000 a bottle. Take the greatest champagne against the greatest Burgundy or Bordeaux, and the Champagne is a 10th of the price."

There is a certain flair which goes with Champagne too, however. When opening Champagne - and Rosania doesn't hang back from drinking the best examples - he has a specially designed 'sabre' to open the bottles (as is traditional).

How to sabre Champagne (not that we recommend it)

Well-aged Champagne, which can take on caramel and brioche-like flavours, benefits from having fewer fakes on the market than the great wines of Bordeaux and Burgundy. It's more difficult to produce convincing frauds.

In 2008, Rosania decided to hold a major sale of Champagne - though that was only a minor part of his collection. Acker, Merrill and Condit offered the 1,346 bottles, 303 magnums and 11 jeroboams which included 1966 Krug Blanc de Blancs and 1964 Salon.

Even from the outset, the sale was expected to reach $5m in total, and set a world record price when bottles of 1959 Dom Perignon from his collection sold for $42,350 each.

A new record was set recently by the 'seabed Champagnes' sold by Acker just a few weeks ago. Rosania himself was bidding, but reluctantly backed down in the face of determined opposition from a Singapore restaurant.

Rosania was of course disappointed not to own the bottles, but hardly devastated. "I'll be back." he noted. His rival collectors had better believe it.

 

Join our readers in over 200 countries around the world - sign up for your free weekly Collectibles Newsletter today or download our free Collectors News app for your iPhone

 

Recent and related articles...

· In vino veritas? Mystery surrounds $5,000 Napoleon wine glass auction | 6 June 2011

A wine glass that may have once belonged to the great emperor is coming to Bonhams

· $65,000 Chateau Petrus 1982 to be neck and shoulders above the rest this month | 2 June 2011

Hart Davis Hart is presenting the auction in Chicago, which also includes Lafite and DRC wines

· DRC is pick of the bunch at Bonhams' Hong Kong wine and whisky sale | 1 June 2011

A Domaine de la Romanée-Conti assortment made $33,000 at Bonhams' May auction

· It's a vintage showing from 1961 Chateau Latour at $7.6m Hong Kong sale | 31 May 2011

Christie's Latour sale highlighted the popularity that the first growth holds among Chinese buyers...

· Revealed: the modern vintages that excelled at Acker's recent auction | 26 May 2011

One Bordeaux above all others continues to shine at auction, with the help of recent vintages

 

www.paulfrasercollectibles.com

Image: Francesco Gernone


Last updated: 22 June 2011