"The 552 lots from the annual Hospices de Beaune charity wine auction in Burgundy, France, organized by Sotheby's, made €18.75 million ($21.5 million) on Sunday. It was the third highest total achieved by the historic sale, which has been running since 1859. Last year's auction took the equivalent of $15.2 million. The top lot, typically called "Pièce des Présidents"(the "Presidents' Barrel"),was a 228-liter barrel of Pommard Premier Cru Les Rugiens, donated"
""The response to this year's wines has been extraordinary," Nick Pegna, Sotheby's global head of wines and spirits, told ARTnews. "The sustained rise in average barrel prices, particularly for the whites, shows just how enthusiastically the market continues to respond to the Hospices' wines, and reflects a deep confidence in the direction of the domaine under Ludivine Griveau's leadership. Collectors travelled from all over the world, creating an atmosphere of real energy in the room - their enthusiasm speaks to the enduring prestige "
The annual Hospices de Beaune charity wine auction in Burgundy sold 552 lots for €18.75 million, the third-highest total since 1859. A 228-liter barrel of Pommard Premier Cru Les Rugiens sold for €400,000, a record price for a white Grand Cru barrel. The average hammer price per barrel rose 4.6% to €33,930, marking the fifth consecutive year above €30,000. The sale included 428 barrels of 34 reds, 111 barrels of 18 whites (including two half barrels), and eleven barrels of eaux-de-vie. Around 700 attendees were present and 370 bidders registered, participating in-room and online. The event featured lively bidding and notable attendees from French film and music.
Read at ARTnews.com
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