"The market for fine and rare wine continues to gain strength as seasoned collectors and first time buyers recognise the potential of fine wine as both a significant investment opportunity and a source of great personal pleasure" - John Kapon, CEO of Acker Merrall & Condit
Last Friday (April 21) saw America's oldest fine wine merchant achieve a sales result of $3,498,106 with 97% of lots sold.
Acker Merrall & Condit's auction of fine and rare wines was held at New York City's acclaimed Al Fiori restaurant.
Overall, 829 lots were presented to bidders. Among them was a 60-magnum collection of the 1996 Krug Vintage Champagne. It took the top position, selling for $48,800.
"The success of our April auction... reaffirmed New York's position as one of the world's most important auction centres," said John Kapon, CEO of Acker Merrall & Condit, in a statement.
Meanwhile, Burgundy continued it long run of desirability. It took three out of the top five positions, with a six-magnum collection of 1978 Roumier Bonnes Mares achieving $36,600.
Other highlights in the sale included a 12-bottle assortment of 1999 Domaine de la Romanée Conti. It shared the third position with a 12-bottle collection of 2000 Chateau Lafite Rothschild. Both sold for $34,160.
Elsewhere, a five-magnum lot of the fabled 1961 Comte de Vogue Musigny rounded out the top five, selling for $29,280.
Additional highlights included a three-bottle case of 2004 Romanee-Conti that sold for $24,400, 12 bottles of 1986 Chateau Lafite Rothschild at $24,400, and 12 bottles of 1996 Chateau Lafite Rothschild which brought $23,180.
And the fun doesn't end there. Wine collectors will be looking forward to Acker's June 3 sale, which boasts two champagne bottles thought to be the oldest in the world.
Diver Christian Ekstrom was exploring a shipwreck on the Baltic seabed when he found the bottles of sparkling wine. Now, Acker is set to auction two single bottles, one each from the legendary houses of Veuve Clicquot and Juglar, both dated to the early 1840s.
Watch this space for more news on the sale of, what could quite possibly be, the oldest champagnes in existence.
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