US auctions: Bordeaux tops Morrell auction

US auctions: Bordeaux tops Morrell auction News Wine News
  • Friday 9 March 2001

The most impressive prices obtained at Morrell & Company's first 2001 auction were all from Bordeaux.

A 12-bottle lot of La Mission Haut-Brion 1982 fetched US$5,750 (£3,833), with Lafite-Rothschild from the same vintage, close behind at US$5,520 (£3,680).

Morrell said that 1982 and 1986 Bordeaux `held their prices firmly' and that `Even the underperforming 1995' vintage showed price increases. A case of 1982 Leoville-Las-Cases brought US$4,370 (£2,913) and a magnum of Montrose fetched US$920 (£613). A 1995 La Tâche from the Domaine de la Romanée-Conti also went for US$920 (£613).

The 24 February sale realised a total US$821,215 (£547,477). The company, which unlike its biggest competitors does not provide a lot-by-lot breakdown of the entire sale afterwards, said that many of the 243 lots of Italian wines also `sold at very strong prices.'

Twelve bottles of 1998 Argiano Solengo exceeded its high estimate to sell for US$1,610 (£ 1,073). Six bottles of 1995 Altesino Brunello de Montalcino, Montasoli, carrying a high estimate of US$850 (£567) sold for US$1,265 (£843). Overall, Morrell said it disposed of 80 per cent of the catalogue's lots.

As for American Cabernet Sauvignons from Napa, two three-bottle lots of 1996 Screaming Eagle showed a consistency of performance - both had a high estimate of $US4,500 (£3,000) and sold for US$4,140 (£2,760).

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