WineAuctions

Naples Wine Auction Numbers Back Up

Filed under: Wine, Auctions, Charity, Big Givers

Last year the results of the Naples Winter Wine Festival in Florida showed an economy where even the wealthiest patrons were slow to open their wallets. The results of this year's auction are a little more uplifting. The Naples News reports that the Naples Winter Wine Festival at The Ritz-Carlton Golf Resort at Tiburon in North Naples raised a preliminary total of $8.06 million for children's charities in Collier County. That's around $3 million more than last year's total and the overall mood appears to have been far brighter with reports of an energetic room and even a few bidding wars. It's not as high as the previous years when $14 and nearly $16 million results were seen but it is a step in the right direction.

Many lots sold for over six figures including a four-day trip to Manhattan for two couples with the best seats in the best restaurants, Yankee Stadium and live tapings of television shows which went for $170,000. A 14-night voyage aboard The World for two couples sold for $160,000. Two couples will be hosted by jewelry company Chopard at the Cannes Film festival in a lot that sold for $160,000. A ten-day South African odyssey for two couples through the country's premier wine regions and landscapes sold for $340,000. One woman paid $130,000 for a lot that is topped by a dinner with Robert Redford. A lot that featured a Michael Kors makeover and a trip to the Project Runway finale fetched $150,000.

And of course there were many large wine auction lots including a 2003 Chateau Lynch-Bages presented in a rare double magnum and two nights for two couples at Cordeillan-Bages in Pauillac, France that sold for $170,000. A lot of 30 wines from Burgundy sold for $100,000. And someone really likes the monster bottles, a lot that included four mammoth 9-liter Salmanazars, one each of 2005 Chateau Haut-Brion, 2005 Chateau La Mission Haut-Brion and two 9-liter bottles of the 2009 vintage sold for $150,000.

Tags: naples wine festival, naples winter wine festival, NaplesWineFestival, NaplesWinterWineFestival, wine auction, wine auctions, WineAuction, WineAuctions

Wine Auctions Ripe for Buyers

by Tom Johansmeyer (RSS feed) —

Filed under: Wine, Auctions

wine bottles One client is putting up a third of the take at the Christie's wine auction this weekend. A total of 613 lots are available, with one party accounting for than 200 of them. This seller is described only as a "wealthy New York family" (duh). For collectors, according to the auction house's spin, this is a great time to buy. Prices are falling, which means that there are plenty of bargains out there.

Apparently, there's some wisdom to this perspective. At the Sotheby's auction last weekend, bidders dropped more than $2.9 million on vino, thrashing a pre-auction estimate of only $1.8 million to $2.6 million. New buyers are coming into the market. At the Sotheby's auction, more than 20 percent of the bidders were new. Two weeks before that, Hart Davis Hart, of Chicago, moved nearly $2.7 million of liquid bliss, beating its presale mark of $2.4 million.

In a Reuters interview, wine consultant Judy Beardsall likens wine collecting and investing to gardening, "At a time like this, it's a chance to turn over the soil in the garden, put down some stock for the next generation."

But, if you aren't interested in waiting, all the wines put up for auction are fit for consumption ... for a price.

Source

Tags: auction, auction house, auction house bonhams, auction houses, auction-house, auctionhouse, AuctionHouses, auctions, chicago, christie, christies, christies auction, christies auction ho..., christies auction house, ChristiesAuction, ChristiesAuctionHo..., ChristiesAuctionHouse, new york, NewYork, sotheby, sothebys, wine, wine auction, wine auctions, WineAuction, WineAuctions, wines

Tips For Bidding At Wine Auctions

by Deidre Woollard (RSS feed) —

Filed under: Wine, Auctions

Just in time for Edward Roberts International's latest fine wine auction March 4, the Chicago Tribune covers what to do at a wine auction. As they point out, certain wines are always demand because of the region, the vintage or the amount that remains. Wine auctions are a chance for collectors to get their hands on that rare bottle they have been looking for. Both Edward Roberts International and Hart-Davis-Hart wine says that the online bidding has become an increasingly large part of their auction business. The one negative to online bidding is that you don't get to sample at the pre-auction tasting. The Tribune article recommends checking the fill level of the wine you want to bid on because an unusually low level of liquid in the bottleneck could indicate oxidation. And of course the same rules that apply for any auction work here. Do your research first, know what you want to bid on and how much you are willing to pay.

Source

Tags: alcohol, food and drink, rare wines, vintage wine, wine auctions, WineAuctions