The auction market remains hot, hot, hot! Six magnums of 1985 Romanée-Conti fetched $170,375 at NYWines/Christie’s on March 2nd in New York. That breaks down to…$561.18 an ounce!!
This lot still misses the record $6,400 an ounce that a 1787 Lafitte (sic) fetched in 1985, and the $3,600 an ounce that one bottle of 1787 Chateau d’Yquem got in a January auction. Not often discussed in auction results are charity auctions but it’s hard to forget the four 3-L bottles of Colgin that went for $650,000 at the Auction Napa Valley last year ($1,600 an ounce).
But this lot does beat a set of six DRC 1971 magnums that rolled in at $448 an ounce in January. Is 2006 the year of the wine auction? (yes, for sellers!)