Dollars Fly as Bidders Seek to Secure Rarities
As fewer bottlings of older vintages appear, paddles in the air increase
At NYWinesChristie's, a case of DRC Romanée-Conti 1978 set a world-record price of $88,125 (39 percent above the third-quarter 2004 Wine Spectator Auction Index average). At the same sale, a case of Leroy La Romanée 1953 set a new record—$49,350—that exceeded the index average by 144 percent.
For the full article, check out the new issue of Wine Spectator, on newsstands January 31, 2005.