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157th Hospices de Beaune wine auction: An unprecedented auction sale for Bichot

20/11/2017

A new record was broken yesterday at the Hospices de Beaune Wine Auction, which reached a total of €11,145,000 for the 787 barrels that were up for sale. The prices increased by 8.6% compared to last year (+ 3.15% for the reds, + 29.65% for the whites). This increase shows the ever-growing interest of foreign buyers for Burgundy wines, and especially for the Grands Crus and Premiers Crus. However it is important to notice that the prices of the whites are back to the level of 2015 after the important decrease of last year (-35.94 %). The prices of the reds have only moderately increased.

Once again, Albert Bichot confirmed its position as the leading buyer at the auction with the purchase of 115 barrels for a total amount of €1,746,600.

This is an unprecedented record for Albert Bichot which acquired 16% of the total amount of the sale in value and 14.5% in volume.
Moreover for the 6th time in the history of the Hospices de Beaune Wine Auction, Albert Bichot acquired the 2 “Pièces des Présidents” (2 barrels of Corton Grand Cru Clos du Roi) for the account of a Chinese client and friend for an amount of €410,000.
These 2 barrels were sold to the benefit of 3 associations: “Fondation pour la Recherche sur Alzheimer” supported by the French singer Charles Aznavour, the “Fondation Tara Expéditions ” represented by the French designer Agnès b and the actress Julie Depar-dieu, and the “Fédération pour la recherche sur le cerveau” sponsored by the French TV talk show host Marc-Olivier Fogiel.

 

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