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Latour 1961 Fetches World Record Price at L.A. Auction

A case of Château Latour 1961, which came straight from the estate's cellars, sold for $56,400 at NYWinesChristie's.

Peter D. Meltzer
Posted: November 4, 2003

A case of Château Latour 1961 sold for a world record of $56,400 at an auction held in Los Angeles on Nov. 1 by NYWinesChristie's. That figure is 262 percent above the wine's average price in the third quarter 2003 Wine Spectator Auction Index.

The '61 was part of a 107-lot offering of Latour, consigned directly from the château by its owner, François Pinault, who also owns Christie's auction house. The consignment was 100 percent sold and totaled just over $365,000 in value.

Much like a similar Latour offering in London last May, the elevated hammer prices reflected the pristine provenance of the lots. In several instances, collectors paid double the going rate for wines that had never been moved from the cellars since release.

A case of the celebrated 1959 Latour brought $32,900 (188 percent above its auction index average), and a dozen bottles of Latour 1929 were snapped up for $49,350 (up 10 percent). The oldest vintage in the auction, Latour 1863, commanded $11,750 for a single bottle (up 37 percent).

NYWinesChristie's final allotment of Latour from the château will be auctioned in New York on Nov. 20 and 21.

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

  • June 25, 2003
    Spring Auction Roundup: Provenance Prevails: Old vintages at Christie's Latour sale broke world records
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