Tennants Inaugural Wine Sale - post sale report

 
 
Buyers from all over the country descended on Tennants Auctioneers to bid in their inaugural Wine sale on Saturday 26 November.  With a packed saleroom and plenty of absentee bids and internet bidders the sale exceeded its pre-sale estimates and totalled in excess of £126,000, with all of the 372 lots selling.
 
A collection of twenty four cases of wine sold in bond provided some of the highest prices of the day, with a case of 2006 Chateau Lafite realising £5,200 and a case of 1998 Chateau Latour selling for£3,000.  A highlight for many buyers were the bottles from 1945 and 1959; years often claimed to be ‘vintages of the century’.  A single bottle of 1959 Chateau Latour realised £1,150, and a bottle of 1945 Chateau Lafite made £800 despite its label being detached.  Burgundy was also in demand, with seven bottles of 1969 Bonnes Mares achieving an astounding £2,700.  A huge collection of good vintage port added £27,000 to the total, and ten lots of Cuban cigars made over £2,000. 
 
Also in the sale were fifteen bottles of 19th century cognac, some even pre-dating Napoleon’s Battle of Waterloo.  Such bottles are only found on the market several times a year, so it was no surprise that there was a great deal of pre-sale interest.  The star of the collection was a bottle of 1809 Grande Champagne Premier Empire Cognac 1809 with a hammer price of £2,000, and the collection as a whole made just over £13,000.
 
The current upward trend in wine prices is partly down to the way it is traded as an investment, however rare bottles of Whisky are often purchased as an addition to a cherished collection.  The highlight of the Whisky section was a bottle of 30 year old Macallan blue label, which made £650, with a bottle of Port Ellen First Release close behind at £550.  Such was the demand for the Whisky it added over £10,000 to the total. 
 
Entries are now being invited for the next Fine Wine and Whisky sale scheduled for February 2012. 
Please contact Wine and Whisky specialist Mark Littler on 01969 623780, or email mark.littler@tennants-ltd.co.uk