159th Hospices de Beaune Wine Auction 2019: Another Magical “9” Vintage Pays Off - Over 13 million Euros

159th Hospices de Beaune Wine Auction 2019

Another Magical “9” Vintage Pays Off - Over 13 million Euros

 

Pride and confidence by both the Hospices and Christie’s teams in the wines made from 2019, a challenging year with the potentially devastating trio of hail, frost and drought, paid off. A sunny harvest produced magnificent wines and resulting records on 17 November in Beaune at the most famous and largest charity wine auction in the world.

 Bidding activity depends on the quality of the vintage, the appellation selected to sell, and the charities chosen together with the spirit of their representing presidents.

 Before the auction, journalists and traditional buyers said that these wines are the best ever made by the Hospices from her fifth vintage as Registrar, bringing tears to the eyes of Ludivine Griveau, who, later during the sale of the President’s pièce brought the auction hall to the verge of tears as charity president Ophélie Meunier suddenly handed the microphone to Griveau. Ludivine then made an impromptu plea to bidders to go higher and give more for those who need medical care, citing her mother, and they did.

 A Bresilan business man Alahor Pereira Lino paid 260,000€ for La Pièce des Présidents - Corton Bressandes (230,000€ in 2018).

 One hundred percent of the benefits from the sale of the Pièce des Présidents will be shared equally between two charities - Association Autour des Williams, and the neurological Institut du Cerveau et de la moelle épinière. The rest of the proceeds will go to the hospital in Beaune for research and to complete facility extensions.

 The total auction result was 13,135,607€, the second highest sale after 13,960,000€ in 2018 (which benefited from a higher crop yield and volume of wine to offer). 

A new record was set for one lot of Batard-Montrachet Grand Cru de la Cuvée Dames de Flandres 149,800€ (including premium) to an American telephone bidder. 

Local house Albert Bichot continues to be the number one buyer, purchasing 122 pièces (82 red and 40 white) for a total of 2,795,100€, representing close to 21% of all wines auctioned.

Sold

471 pièces of red wine and 118 of white totalled 12,854,017 euros

La Pièce des Présidents 260,000€

593 lots with an average 20% price increase over all pièces

Average red wine pièce 20,535€ (+32.6% 2018)

Average white wine pièce 26.965€ (+27.1% 2018)

Average pièce 21.823€ (+29.5% 2018)

Source Christie’s : prices excluding premium

 

Top Ten all Grand Crus

In first place La Pièce de les Présidents Corton Grand Cru Les Bressandes record 260,000€; in second and third place Batard Montrachet Grand Cru, the first lot a new record 140,000€; then fours lots of Clos de la Roche Grand Cru Cyrot-Chaudron in 4th, 5th, 6th and 8th place; and three lots of Clos de la Roche Georges Kritter in 7th, 9th and 10th positions.

  1. Corton Grand Cru Les Bressandes Cuvée des Présidents 260,000€
  2. Bâtard Montrachet Grand Cru Cuvée Dames de Flandres 140,000€ new record
  3. Bâtard Montrachet Grand Cru Cuvée Dames de Flandres 135,000€
  4. Clos de la Roche Grand Cru Cyrot-Chaudron 13,000€
  5. Clos de la Roche Grand Cru Cyrot-Chaudron 12,600€
  6. Clos de la Roche Grand Cru Cyrot-Chaudron 12,600€
  7. Clos de la Roche Grand Cru Georges Kritter 12,500 €
  8. Clos de la Roche Grand Cru Cyrot-Chaudron 12,200€
  9. Clos de la Roche Grand Cru Georges Kritter 12,000
  10. Clos de la Roche Grand Cru Georges Kritter 11,500

 

By Amanda Regan

Source Christie’s : prices excluding premium