RECORD BREAKING €0.66M HOSPICES DE BEAUNE BURGUNDY BARREL SOLD TO A CHINESE BUYER
By Siulan Law Mathews DipWSET
Source: Hospices de Beaune
The top lot of this year's Hospices de Beaune auction, a barrel from Clos de la Roche, was sold for a record breaking €660,000 (USD542,897) to an anonymous Chinese buyer.
The last record was held by Hong Kong businessman Leung Shek Kong who successfully bid for the top lot, dubbed Pièce des Présidents, in 2017 Hospices de Beaune auction, bidding price then was €420,000.
This year's Pièce des Présidents is stored in a unique barrel made from oak sourced from the Domaine de Chambord estate.
The Pièce des Présidents also attracted additional donations from two private donors, resulting in a total donation of €780,000 just for this piece. The money will go to this year’s chosen charity the French Federation of Hospital Workers.
A total of 474 barrels of red Burgundy and 156 barrels of white Burgundy were sold in the weekend realising total hammer price of €12.7 million, which is the second-highest result in the auction's 160 years of history.
The average sold price for the red barrels was €18,987, and the average sold price for the whites was €24,111.
Traditionally held in November every year, this year's auction was delayed because of COVID-19, the prices achieved in Hospices de Beaune auction are viewed as indicators for prices for Burgundy wines for that vintage.
Apart from Pièce des Présidents, new records were also set for Bâtard Montrachet grand cru cuvée ‘Dames des Flandres’; Echézeaux grand cru cuvée ‘Jean-Luc Bissey’; Corton blanc grand cru cuvée ‘Docteur Peste’; Corton grand cru ‘Docteur Peste’; Clos de la Roche cuvée ‘Cyrot-Chaudron’; Corton grand cru cuvée ‘Charlotte Dumay’; Pommard grand cru – Les Epenots cuvée ‘Dom Goblet’; Mazis-Chambertin grand cru cuvée ‘Collignon’ and Meursault premier cru – Les Genevrières cuvée ‘Philippe le Bon’.
The organiser had applied strict COVID safety measures in this year's auction, only 170 bidders or their representatives and 3 auctioneers were present in the hall, while most other bidders joined the auction online or through hone calls.
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