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Latour Consignment Sells for $439,000

Lots directly from the château commanded prices far above average.

Peter D. Meltzer
Posted: November 20, 2003

Right on the heels of a $365,000 offering of Château Latour in Los Angeles, a 77-lot consignment of Latour brought in $439,450 (inclusive of the 17.5 percent buyer's premium) at a NYWinesChristie's sale in Manhattan today. The massive offering was consigned directly from the château by François Pinault, the owner of both Latour and Christie's auction house. The sale total exceeded pre-sale high estimates by 65 percent, and the lots were 90 percent sold.

Highlights included a case of the classic Latour 1961, which sold for $54,950, 252 percent above the wine's average price in the third quarter 2003 Wine Spectator Auction Index. A dozen bottles of Latour 1928 brought $47,000, 356 percent above the index average, and an imperial of Latour '28 fetched a record $41,125.

"Bidders were prepared to pay a serious premium for wines that had never moved from the château since they were produced," said Richard Brierley, head of Christie's North American wine sales. "For example, a case of Latour 1959 from the Pinault consignment brought $32,500, whereas two other cases of Latour 1959 in good condition from private cellars sold for $16,450 each -- roughly half the price."

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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.

Read about the other recent Latour auctions:

  • Nov. 4, 2003
    Latour 1961 Fetches World Record Price at L.A. Auction

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