Hart Davis Hart is Number One U.S. Wine Auction House in 2013
Hart Davis Hart completed the most successful year in the company’s history, following another strong showing at its two-day December auction. Over the course of seven auctions held in 2013, HDH netted $36.07 million, making Hart Davis Hart the largest seller of fine wines at auction in the United States. HDH experienced 37% growth while all major competitors declined.
HDH created the world’s most active, accurate, and efficient marketplace for wine. The firm achieved by far the highest sell-through rate in the industry, passing only seven of 12,350 lots offered. Five of the seven auctions were 100% sold. HDH also had a record number of bidders and buyers in 2013. By offering impeccably sourced wines, reaching global bidders and a dedication to service & integrity, HDH has achieved market-leading results.
“This was truly an incredible year for our team and for our clients,” said CEO Paul Hart. “We came into 2013 with prospects for growth and our results exceeded expectations. Consignors and Bidders have more faith and trust in HDH.”
As expected, bidding for Burgundy remained strong and 2013, which was also a year full of world records. In February, a case of 1990 Cros Parantoux from Henri Jayer sold for $113,525, after global bidders from Europe, Hong Kong and the United States battled for the lot. At “A Celebration of Burgundy” in March, a case of 1991 Clos de la Roche, Vieilles Vignes, Domaine Ponsot hammered at the world record price of $19,120, nearly twice its estimated value of $7,000-10,000. In September, 12 bottles of 1990 Clos St.-Denis, Domaine Dujac also shattered pre-auction estimates ($10,000-$15,000) and set a new world record of $23,900.
Over course of the year, HDH has seen significant growth in online bidding as well as noteworthy increases from South American bidders. Eager private and trade bidders participated in the saleroom, on the telephones, and via live internet bidding, hailing from more than 40 states, the District of Columbia and Puerto Rico, as well as Australia, Austria, Belgium, Brazil, Canada, China, Colombia, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Macau, Malaysia, Mexico, Norway, Russia, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, the Netherlands, the Philippines and the United Kingdom.
The December Auction achieved remarkably strong results, selling 99% of the lots and realizing $6,340,634 against a pre-sale auction estimate of $4,453,800 -$6,640,160. Wines from Domaine de la Romanée-Conti continued to see intense bidding and top prices with 2005 Romanée-Conti, Domaine de la Romanée-Conti (3 mags) (owc) (est. $60,000-90,000) selling above its presale estimate for a world record price of $107,550.
Upcoming Auction Calendar
- February 8, 2014
- March 22, 2014
- May 17, 2014
Auction catalogs are available through the website or by calling Hart Davis Hart (Web: www.hdhwine.com; Phone: 312.482.9996). The expanded website allows bidders to view and search the auction catalog and place absentee bids online.
Hart Davis Hart’s state-of-the-art technology allows bidders worldwide to participate in the Chicago-based live auctions via the Internet. Bidders can follow the auction in the salesroom, hear the live auction, and bid against the room, all in real-time.
Bidders are encouraged to attend the auction in person, but Hart Davis Hart welcomes bids by phone, fax, through the website, and via the live-bid technology.
More details about online bidding can be found at www.hdhwine.com.