It was getting repetitive: another wine auction, more record prices for Bordeaux, so this past weekend in Hong Kong sparked a notable change when record prices were set for burgundies at the Acker Merrall & Condit auction that reaped $14.45m in two days. Nearly every lot was sold at prices exceeding expectations. The big draw was Part II of Don Stott’s burgundy collection.
Reflecting growing demand for burgundy in Asia, the auction house reported 145 auction records were set including prices for Georges Roumier, Domaine Dujac, DRC Romanee Conti, and Louis Jadot. Part I of the Don Stott collection was auctioned a week earlier in New York. After a furious round of bidding the highest price paid in Hong Kong was $75,000 for a Jeroboam of 1999 Romanee Conti.