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Petrus 1989 Imperial Fetches More Than $35,000 at Sotheby's Sale
A six-liter imperial of 1989 Petrus from the Pomerol region of Bordeaux fetched 28,200 pounds ($35,100) from a U.K. private bidder at a Sotheby’s wine sale in London last week, exceeding the upper estimate of 20,000 pounds, according to an e-mailed statement from the auction house.
Twelve bottles of Chateau Lafite Rothschild 1982 sold for 22,325 pounds. Among Burgundies, six magnums of Chambertin 1980 Armand Rousseau went for 18,800 pounds, compared with an upper estimate of just 3,000 pounds, while six bottles of La Romanee 2002 Domaine du Comte Liger-Belair fetched 16,450 pounds. Auction prices included a 17.5 percent buyer’s premium, which was not included in presale estimates.
The auction came as the market for top-end Bordeaux wine has been recovering after a 40 percent plunge in prices of many first growths. The London-based Liv-ex Fine Wine 50 Index of top Bordeaux rose 27 percent last year, recouping some of the ground lost during the five previous years of declines. Demand for scarce or historic Burgundy bottles remains solid, as does appetite for wines from regions such as the Rhone, northern Italy and California.
The Feb. 22 sale was “very strong across the board,” Stephen Mould, head of Sotheby’s Wine Europe, said in the statement. “The collection included some fabulous Burgundy, with rare Rousseau rocketing several times over the high estimate.”
Twelve bottles of Chateau Mouton Rothschild 2000 sold for 15,275 pounds, while a 12-bottle case of Chateau Lafite 2000 fetched 13,513 pounds and two magnums of Petrus 1990 went for 10,575 pounds.
Drinking Pétrus may be an unforgettable experience. We has been lucky to have the opportunity to taste most of its great vintages. That is why wine enthusiasts often come to us for advice. First, WeI advise you to choose a good vintage, an excellent one if your wallet allows. If you taste a poor vintage, you will notice how it raises above most other wines of the same vintage, but you will miss the actual point of Pétrus.
Second, purchase wine that is at least 10 to 20 years old, because a young Pétrus is difficult to approach, besides which oak and tannins predominate in its taste. Young Pétrus may be impressive, but it ages fantastically and requires more time than any other Pomerol wine to reach its culmination. Finally, We would advise you to decant the wine with care and well in advance, and also to give it time to develop in the glass. Then you will have the opportunity to enjoy an unforgettable experience.
Little known 50 years ago, this château has seen the rise of a myth about the uniqueness of its wine. The wine’s inimatibility is due to many factors, first of all, an exceptional terroir - 40 meters above sea level, the highest point of the appellation - with a layer of heavy clay soil and an iron subsoil. These are ideal conditions for the expression of the Merlot grape. With such a special terroir, the approach in the vineyard and cellar is traditional and respectful.
The work done in the vineyard is fastidious - severe pruning in the winter, regular ploughing, crop-thinning, de-leafing, manicuring the clusters in the summer - and allows the perfect ripening of the fruit. The grape are manually harvested within two afternoons and sorted before crush.
Fermentation is carried out gently, without any overextraction, in temperature-controlled concrete tanks. The blend, very often pure Merlot, is defined in December and the young wine is aged in 100% new oak barrels.
This property made famous by Madame Edmond Loubat and then by Monsieur Jean-Pierre Moueix, culminates at 130 feet on the plateau of Pomerol. Ets Jean-Pierre Moueix is responsible for the cultivation, vinification and aging as well as the export distribution of Petrus wines.
Parker 100 points / This wine is more tightly knit, more tannic, but every bit the blockbuster concentrated effort that its younger sibling, the 1990, is. It seems to need more coaxing from the glass, but the color is virtually identical, a dense ruby/purple with no lightening at the edge. In the mouth the wine cuts a broad swath, with spectacular intensity, richness, massive concentration, and high levels of tannin, yet the wine is fabulously well-delineated and like its sibling, the 1990, has a finish that goes on for nearly a minute. It does not seem to be quite as evolved as the 1990, and my instincts suggest there is a bit more tannin, but both are as prodigious as Petrus can be. Anticipated maturity: 2010-2040.
100 points / I have always loved this wine. It's a giant, yet also sophisticated and reserved. Still dark-ruby colored, with beautiful aromas of fruits and spices. Full-bodied, with opulent fruit and a depth of flavor that lasts for minutes on the palate. Loads of tobacco and fruit.--Pétrus non-blind vertical. Best after 2010. James Suckling, WineSpectator.com
Average Bottle Price
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