Daily Management Review

Sotheby’s to Auction 110 Years of Margaux


Sotheby’s to Auction 110 Years of Margaux
Sotheby’s is to auction 239 lots directly from the cellars of this great Bordeaux First Growth in New York on 17th October. The auction house estimates that esch of the bottles should go at least for $3,000 to $4,000 each.
Spanning the 1900 to 2010 vintages, the auction house will present 239 lots of Margaux.
The sale is the first time the wines have been offered direct from the cellars, the event has been named “A Celebration of the Mentezelopolos Era,” in recognition to the Mentezelopoulos family who have run the first growth winery since 1978.
The auction has been preceded by events in Brazil, Mexico and New York and follows the iconic redesign of Margaux's winery by British architect, Sir Norman Foster. The auction is estimated to be worth between $1 million to $1.4 million.
 “As we celebrate 200 years of wonderful architecture at Château Margaux, I am proud and happy to share with collectors around the world a selection of our wines that I have hand-picked for this unique sale. I cannot think of a better wine specialist than Sotheby’s for us to part with some of the most historic of the 20th century vintages, as well as the more recent wines produced under my family’s leadership since 1978,” Corinne Mentzelopoulos had said some time back.
 “This is a truly historic sale, that is only likely to happen once in a lifetime. It provides a complete picture of the Mentzelopoulos era from 1978 to today, with a retrospective of the great vintages back to 1900. It is an honor for us to offer these wines that have never before left their cellars, the sale is a one-off experience that none of us will see again,” said Jamie Ritchie, CEO of Sotheby’s Wine, Americas & Asia.
The extremely rare vintage of 1900, a bottle of which is estimated between $10,000 and $15,000, a Balthazar of 2009 estimated between $30,000 and $50,000 and a bottle of the iconic 1983 vintage estimated between $2,000and $2,800 would be the highlights of the auction sale.
As a prelude to the event and as a promotional event for the sale, the Commercial Director Aurélien Valance conducted a vertical tasting of eight of Chateau Margaux's wines at Sotheby’s. these included Pavillon Blanc 2011 wine from Medoc, Pavillon Rouge 2010, and 2009, 2004, 2003, 1996, 1989 and 1982 of Le Grand Vin.
 “Yes, the ’82 and ’89 are drinking well,” said Jamie Ritchie, Sotheby’s Wine Director for North America.
The main highlights of the sale include one bottle of Margaux 1900 estimated o be sold at $10,000-15,000, a bottle of Margaux 1945 to be sold between $3,000and 4,000, the bottle of Margaux 1953 estimate dot be sold between $2,000 and 2,800 and vertical 10-bottle and -magnum lots covering the 2000s, 1990s and 1980s and vertical 35-bottle and -magnum lots covering the Mentzelopoulos era.