Vintages Wine Auction (October 21, 2004)
Every charity event in Toronto, it seems, has a wine auction these days.
But the biggest and most-anticipated for collectors and restaurateurs
is the annual Vintages auction held under the auspices of the Liquor Control
Board of Ontario with Ritchies Auctioneers doing the hammer work.
The third such auction was held October 16 and 17. It was expected to
raise $2 million. The LCBO will be the big winner since they charge 15%
to both the buyer and the seller and then they add GST and PST taxes,
making for an additional 38% over the hammer price.
One Toronto collector bidding by phone had lodged $250,000 with the LCBO
against his purchases, which ensured that the prices would be high since
he bid on almost everything. The top price was the final lot for Saturday
a library collection of the complete Chateau Mouton-Rothschild
labels from 1945 to 2000, including the two 1978 designs by the Quebec
artist Jean-Paul Riopelle and the US-censored nymphet label for 1993 and
blank label that was sold in the States.
The most egregious price paid was for a case lot of Dominous Estate 1994
from Napa Valley. The estimate was $3,100 to $3,800. The hammer price
ended up as $10,500. The following lot of six bottles of the same wine
went for $1,600.
Other stunning prices were $3,250 for two bottles of Mouton-Rothschild
1961; $8000 for a single bottle of Mouton-Rothschild 1945; $9,500 for
5 bottles of Mazis Chambertin Hospices de Beaune Cuvée Madeleine
Collignon 1985 (top estimate: $6,600) and $1,600 for a single bottle of
Guigal Côte Rôtie La Mouline 1966, the first vintage of La
Mouline to be produced. Two bottles of the 1976 La Mouline fetched $3,500.
Over the course of two days, 1119 lots came up for bidding.