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At a Christie’s auction in Hong Kong, alongside other wines from the 1860s, a bottle of Château Latour***** 1865 was sold for approximately 96,000 euros. The estimated price was 26,000 euros. The bottle had been refurbished in 1990 and received a new capsule and a new label. A five-liter Jeroboam of Latour 1961 was also auctioned for 96,000 euros (estimated price: 76,700 euros). Three individual bottle lots of Latour 1945 fetched 10,300 euros each.
Besides Château Latour, wines from Bouchard Père & Fils*** from Burgundy were also auctioned: A bottle of Chambertin 1865 achieved 73,700 euros (estimated price 35,400 euros), a bottle of Montrachet 1864 achieved 51,600 euros (17,700 euros), and three bottles of Musigny Grand Cru 1945 were sold for 56,000 euros each, more than double the estimated price of 22,400 euros.
All wines from the auction came directly from the vineyards of Artémis Domaines owned by billionaire François Pinault's family. Artémis acquired Bouchard Père & Fils in 2022 after a merger with the Henriot family's wine company. Frédéric Engerer, CEO of Artémis Domaines, stated: “This auction shows that collectors place great value on provenance, storage conditions, and transparency of the offered lots. Old and rare wines, especially the great vintages of the 19th century, represent a unique cultural heritage. Made from vines before the phylloxera crisis, these wines offer extraordinary tasting experiences.”
Christie's announced that all lots found buyers and the total proceeds reached three million euros. One in four new buyers came from the so-called Millennial demographic, born between 1980 and 1996. This is a clear sign of interest from a younger generation of bidders.
(al / Source: decanter)