Hart Davis Hart has posted spectacular results for its May 20 wine auction, which was the largest held in 2013 so far in the US, with 100% of lots sold.
 The Musigny is a grand cru vineyard in Cote de Nuits in Burgundy |
The sale realised an outstanding $6.4m, with a record price set for a five bottle lot of 1966 Musigny, Vieilles Vignes Comte Georges de Vogue, which sold for $15,535 against a $6,500 high estimate - a 139% increase.
The auction's second record came as a 12 bottle case of 1961 Chateau Magdelaine sold for $11,950, making another 139% increase on its top estimate of $5,000.
Selling in the top spot was a case of the illustrious Domaine de la Romanee-Conti's (DRC) La Tache from 1990, which sold 8.6% above its $55,000 high estimate at $59,750.
1990 is one of the most sought after vintages from DRC's vineyards, with the current record price held by a 12 bottle case of Romanee-Conti at $297,400, achieved at a 2011 sale in Hong Kong.
The La Tache 1990 vintage was graded 100/100 in Robert Parker's Wine Advocate, with the respected critic commenting: "I cannot think of a more profound, young red Burgundy tasted than DRC's 1990 La Tache."
The wine market is looking robust in 2013, after a poor performance last year. The Liv-ex Fine Wine 100 posted a 5.9% increase in the first four months of 2013.
Meanwhile, Burgundy remains strong with the Liv-ex DRC Index, which tracks the price movement of the producer's leading crus, showing a 34.5% increase over the last two years.
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