Log In / Join Now

Christie's London Auction Honors Michael Broadbent

The longtime head of Christie's wine department returned to the podium for the sale of top Bordeaux and Burgundies.

Peter D. Meltzer
Posted: October 21, 2002

Billed as a tribute to Michael Broadbent's 50 years in the wine trade, of which he spent 32 as head of Christie's wine department, Christie's held an auction in London on Oct. 17. The packed salesroom saw Broadbent's return to the auctioneer's podium, which resulted in lively bidding.

The 919-lot sale, which brought in $1.2 million (inclusive of the 10 percent buyer's premium) was rife with fine and rare offerings. Many of them were consigned directly by the top estates of Bordeaux and Burgundy in Broadbent's honor.

There were historical curiosities such as a magnum of Château Lafite Rothschild 1874, which fetched $1,888, and an equally scarce bottle of Bouchard Père & Fils Meursault Charmes 1865, which sold above estimate for $995.

The top-grossing lot in the sale was a case of Château d'Yquem 1929, which was snapped up for $23,166, 94 percent above its average price in the third quarter of 2002 Wine Spectator Auction Index. Trailing close behind were two other magnificent vintages of Yquem -- 1945 and 1947 -- which brought in $19,734 and $18,018 per case, respectively.

The Château Pétrus 1990 and 1989 each sold above the index average for $18,876 per dozen, and a rare double magnum of Château Le Pin 1982 (one of only three produced in the vintage) set a new record of $12,366, up 58 percent from its index average.

The sale also commemorated the publication of Broadbent's new book, Vintage Wine, from which all the catalog's tasting notes were excerpted.

# # #

Full-access subscribers can view recent auction results and analysis, upcoming events and the Wine Spectator Auction Index in the Collecting section of our site.

Read other recent auction news:

  • Sept. 25, 2002
    Christie's Holds First Wine Auction in Paris

  • Sept. 23, 2002
    Morrell Muscles Market With $5 Million Auction
  • Would you like to comment? Want to join or start a discussion?

    Become a WineSpectator.com member and you can!
    To protect the quality of our conversations, only members may submit comments. Member benefits include access to more than 315,000 reviews in our Wine Ratings Search; a first look at ratings in our Insider, Advance and Tasting Highlights; Value Wines; the Personal Wine List/My Cellar tool, hundreds of wine-friendly recipes and more.

    WineRatings+ app: Download now for 340,000+ ratings.