Jan 30, 2021, 12:54 PM IST
US auctioneer Hart Davis Hart has completed its 2020 season with a two-day record shattering sale featuring the wines from the late Joseph Phelps cellar.
For a total of US $10.4 million, the entire collection was 100 percent sold, almost $2m above the high pre-sale estimate, with 82 percent of the lots offered selling above their high estimates as well.
Last Friday s first session included the wine cellar of the late Joseph Phelps. In total, it made $2.2 million (above a high estimate of $1.3 million) with buyers jumping at the opportunity to purchase Lafite Rothschild 1865 and 1948 bottles ($31,070 each) and 11 Latour 1959 bottles ($77,675) and 12 Latour 1961 bottles ($23,900), and rare Californian classics 1971 Ridge Vineyards Cabernet Sauvignon Eisele Vineyard (two bottles selling for $20,315-a new record), 1974 Heitz Cellar, Martha s Vineyard Cabernet Sauvignon, 1978 Joseph Phelps Eisele Vineyard and Insignia, as well as great Burgundy. Charles W
In the wine world today, despite the emergence of quality wine across the globe, Bordeaux and Burgundy remain benchmarks of quality. The finely honed matches between soil, climate, and varietal in the Grand Crus vineyards and estates of Bordeaux and Burgundy have developed over several centuries and their flavor signature is unique no other region in…
Decanter Rare Lafite and Napa wines sold from Joseph Phelps private cellar
A bottle of Lafite from 1865 and a series of rare gems from 1970s California have fetched high prices in an auction of wines owned by the late Napa Valley pioneer Joseph Phelps.
It said 501 lots from the ‘personal estate of Joseph Phelps’ fetched $2.2m (£1.64m) in total, versus a pre-sale high estimate of $1.374m.
An auction list showed how Phelps,
who died in 2015, had collected great wines from around the world for his private cellar, alongside his pioneering role in elevating the winemaking and reputation of Napa Valley.
HDH caps off year with ‘record-shattering’ sale 23rd December, 2020 by Rupert Millar
US auctioneer Hart Davis Hart has finished its 2020 season with a “record shattering” two-day sale featuring the wines from the cellar of the late Joseph Phelps.
The entire collection was 100% sold for a total of US$10.4 million – nearly $2m above the pre-sale high estimate – with 82% of the lots offered selling above their high estimates as well.
The first session last Friday featured the wine cellar of the late Jospeh Phelps. It made $2.2m in total (above a high estimate of $1.3m) with buyers leaping at the chance to acquire bottles of 1865 and 1948 Lafite Rothschild ($31,070 each) and 11 bottles of 1959 Latour ($77,675) and 12 bottles of 1961 Latour ($23,900), as well as great Burgundy and of course rare Californian classics such as 1971 Ridge Vineyards Cabernet Sauvignon Eisele Vin