Wine Talk

Snooth User: ChipDWood

Juice on the Block: HDH Results from the weekend.

Posted by ChipDWood, Dec 8, 2008.

Not half bad, especially since we're in what some are calling the "worst economic position in the United States since the Great Depression". Those are NOT my words, though I bet I could win a Nobel Peace Prize if I did say it in a garishly popular fish wrap.

I'm going to dig into the numbers a bit more a bit later concerning these wine auction results; but I think it's fairly safe to say that by lowering a good chunk of the reserves on a number of the items for sale they encouraged bidders to drop by and jump in the pool, which they clearly did.

Interesting to see the SQN doing so well too, which bodes well for other US vino producers.

From HDH:

"Hart Davis Hart capped off the year with another successful auction this weekend in Chicago, realizing $2,773,421 against a pre-sale auction estimate of $2,076,940 - 3,115,850. A collection featuring a comprehensive offering of Sine Qua Non as well as vertical offerings of Screaming Eagle and Harlan brought intense bidding with many prices skyrocketing over the high estimate. Two bottles of 2000 Sine Qua Non Syrah Heels Over Head more than doubled the high estimate, bringing $2151 against an estimate of $600-900. Nine bottles of the rare 1998 Sine Qua Non Syrah Alban Vineyard, bottled for the Hospices du Rhône, commanded $5378 against an estimate of $1800-2800. A live internet bidder was the largest buyer of the day for the second straight auction, as hdhlive.com continues to grow in popularity.

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