This is a guest post, or may be rather a last minute guest announcement from Invaluable, the company wich runs wine auctions. This is truly a last minute, as the auction starts tomorrow. But – if you got some spare change, you can use it to get that bottle of Pétrus…
Invaluable teaming up with Waddington’s, a fine wine auction house in Canada, over the next week to auction off almost 700 exceptional lots from an international collection. Waddington’s experience in auctioning dates back to 1841. There are three different auctions in the upcoming week: Fine & Rare Wine, Fine Spirits, and Fine wine.
These three auctions by Waddington’s take place on February 25 and the 28th. We’ll be auctioning off nearly 700 wine and rare wines and spirits. Saturday’s auction begins at Toronto’s Nota Bene Restaurant where Chef David Lee will prepare an exquisite three-course lunch before we launch into the auction. This auction is followed by two auctions on the 28th; the first offers fine spirits and the second offers fine wines.
Here are a few noteworthy lots from the upcoming events:
Lot 87: CHÂTEAU PÉTRUS 2009
Estimated Price: $19,900 – $23,100
Quantity: 6, Size: 750ml
Notes: This 100% Merlot has a dense plum/purple color and a sweet nose of mulberries, black cherries, some subtle toast and licorice as well as a floral element. A wine of great intensity, a multidimensional mouthfeel and full-bodied, stunning concentration, the 2009 Petrus is everything one would expect of it.
Lot 1: Armagnac Chateau de Laubade
Estimated Price: $1,100 – $1,300
Quantity: 1, Size: 750ml
Notes: Bottled in 1948, in original wooden box
Lot 76: Screaming Eagle Cabernet Sauvignon
Estimated Price: $7,300 – $8,500
Notes: The blend of 88% Cabernet Sauvignon, 10% Merlot, and 2% Cabernet Franc was bottled in 1999. It boasts an opaque purple color along with a gorgeously pure nose of creme de cassis, charcoal, and floral characteristics. The wine is opulent, dense, and rich, with exceptional purity, a viscous texture, and impressive underlying tannin that frames its large but elegant personality.
As you might remember, last week’s quiz was about numbers – quite large numbers, err – prices, I have to say. But if you think about it, those $168K are paid mostly for the bottle and not for the wine – you can acquire exact same wine for a tiniest fraction of that price.
Today, continuing the subject of wine and numbers, I want to talk about auctions, where for the most cases you actually pay for the wine. And while auctions take place all the time all over the world, this particular auction took place in France (mind you, not in Hong Kong or China), a little more than a year ago, and the buyer of the wine was French. He paid €57,000 for a bottle of wine, beating another (also a Frenchman) bidder in a tight battle (nobody expected that particular wine to fetch such price).
Assuming money is not an issue, which wine do you think was worth acquiring for that amount?
Have a great weekend! Cheers!