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The October eAuction
(Oct 15 - 26)

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REASONABLE PRICES DRAW NEW BUYERS TO ZACHYS NOVEMB

On Thursday evening An Extraordinary Offering of Romanee Conti, La Tache and Richebourg DRC 1959 and 1957 (Lots 133-143) garnered much excitement, as bidders on the phone and in the room alike fought for bottles numbered “00001” of Romanee Conti 1957, La Tache 1957 and Romanee Conti 1959. The first bottle of Romanee Conti 1957 (Lot 133) sold for $3,600, followed by bottle #00001 of La Tache 1957 (Lot 135) at $3,120 and the first bottle of Romanee Conti from the 1959 vintage (Lot 137) for $6,000. A beautiful original wood case of Chateau Haut Brion 1919 (lot 144) found a new owner for $10,800, followed by a magnum (1.5L) and double magnum (3L) of Chateau Latour a Pomerol 1961 (Lots 146 & 147), which sold for $13,200 and $38,400, respectively.

Saturday was comprised entirely of The Connoisseur’s Pursuit: A Cellar of Extraordinary Depth and Focus (Lots 1319-2419). This significant private collection featured the largest offering of Raveneau Chablis and Chave Hermitage ever to be sold at auction, and bidders crowded the room at DANIEL to get in on the action. Four dozens of Chablis Les Clos Rene et Vincent Dauvissat 2000 (Lots 1411-1414) sold for $1,560 each, and six rare magnums of the 2001 vintage of Chablis Les Clos Dauvissat (Lot 1423) tripled their estimate, selling at $1,680. Nearly 100 lots of white Burgundies from Domaine Leflaive were up for grabs, with a ten-lot stretch of Puligny Montrachet Les Pucelles Domaine Leflaive 2000 achieving from $1,560 to $1,680 per dozen (Lots 1738-1747).

Raveneau fans took note of the opportunity to buy in such deep quantity: nine bottles of Chablis Blanchots Raveneau 1996 sold for $1,800 (Lot 1458), six bottles of the 1991 Les Clos (Lot 1540) went for $1,140, four bottles of 2000 Les Clos went for nearly $400 each at $1,560 (Lot 1549), and prices on full dozens of the 2001 Les Clos ranged from $2,280 to $2,640 (Lots 1550-1553). Bidders paid the price for hard-to-find magnums (1.5L) of Raveneau: two magnums of Chablis Les Clos Raveneau 1995 realized $1,560 (lot 1542), three magnums of the 1997 Les Clos achieved $1,440, and six magnums of Chablis Montee de Tonnerre Raveneau 1999 in original carton went for $1,800 (Lot 1574).

Champagne and German wines from The Connoisseur’s Pursuit also garnered much attention. Three magnums of Bollinger RD 1979 (Lot 2251) sold for $2,880, a single bottle of Krug 1966 went for $2,040 (Lot 2269), and a bottle of Salon Blanc de Blancs Le Mesnil 1969 (lot 2284) went for $1,920. Eight 500ml bottles of Riesling Trockenbeerenauslese Auction Eitelbacher Karthauserhofberg 1989 surpassed their estimates at $1,440 (Lot 2313), while three cases of Riesling Spatlese Wehlener Sonnenuhr J.J. Prum 2001 each earned $660 (Lots 2330-2332).

Zachys’ President Jeff Zacharia commented, “Zachys has historically had very high sell-through rates so we are delighted that we were able to sell nearly ninety percent of the lots offered last weekend. We are seeing prices soften across the board, there is no doubt about that, but people are still buying up a storm. Our number of successful buyers for this auction was one of our highest of all time, which is very encouraging – it is truly a buyer’s market.”

Zachys is a third-generation family-owned business based in Scarsdale, NY, whose holdings include Zachys Wine & Liquor, New York Fine Wine Storage and Zachys Wine Auctions. Contact Zachys Wine Auctions at 914.448.3026 for further information. Zachys closes the season with The Holiday Auction on December 4 and 5, and begins 2009 with The Winter Auction on January 22 and 23, both at DANIEL in New York.

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