Another rant re. auction madness...


Wine 1

Another rant re. auction madness...

RicRios | Nov 7, 2006 02:44 PM

A few days ago I posted a rant re. auction madness.

Among other things I said:

"Just to quote a classic: a 1982 Mouton Rothschild has gone from the mid $400s to close to $1000 since 2003, that's about 50% per year for the last 3 years."

Well, guess what?

In next Nov 18th NYC Sotheby's auction, lot 150: 50 cases (yes, CASES, that is, 600 bottles) of 1982 Mouton have estimates $600K to 1.2 mil. That is... from $1000 to $2000 per bottle. (And these are -obviously- "wholesale" estimates...)

It turned out, then, my previous estimates were way off.
Sorry, guys, for the inconvenience.

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