The Limited Times

Now you can see non-English news...

Wine: new record for the Hospices de Beaune auctions

2021-11-22T07:52:25.992Z


The “president's coin”, the benefit of which this year is intended to support Solidarité Femmes, an associative network to help victims of domestic violence, and the Institut Curie, went to 800,000 euros.


The Hospices de Beaune wine auctions set a new record, with 800,000 euros for the "

president's coin

", intended each year to support a great cause, and 11.7 million euros (excluding costs) for hospital works. , according to figures communicated by Sotheby's overnight from Sunday to Monday.

Read alsoWine auctions are booming

"

The average price increase per cuvée was 85%, compared to last year, the white wine cuvées having increased by 115% and those of red wines by 56%

", according to Sotheby's.

The highlight of the auction, the “

Coin of Charity

” or “

President's Piece

”, a barrel of Corton Renardes Grand Cru, went to 800,000 euros (excluding fees), against 660,000 last year.

The “President's piece” for the “Solidarité Femmes” network

This annual charity sale, the oldest and most famous in the world, serves as an international barometer for the prices of Burgundy wines, which have been rising steadily in recent years, due in particular to its export success.

The benefit of the “

president's coin

” is intended this year for “

Solidarité Femmes

”, an associative network to help victims of domestic violence, and to the Institut Curie, for research against breast cancer.

The rest of the sale traditionally goes to maintaining the heritage and modernizing the hospital equipment of this institution in the heart of Burgundy.

Read alsoThey make wine in their Parisian garden

The 2021 vintage was complicated by the vagaries of the weather, with an expected volume of 900,000 to 950,000 hectoliters, against 1.56 million in 2020, according to the Interprofessional Bureau of Burgundy Wines (BIVB). Also, this year, only 349 "

pieces

" (228-liter barrels corresponding to 288 bottles) and five "

feuillettes

" (half-barrels) of red and white futures were offered to buyers compared to 630 barrels last year. Six pieces of marc de Bourgogne and one of fine were also sold.

The sale of these 362 lots reached an average price per lot of 34,980 EUR.

In 2020, 638 lots had been sold for an average amount of EUR 21,690

”, according to Sotheby's.

The American house Sotheby's has resumed this year the auctions held since 2005 by its British competitor Christie's.

Its objective: to develop its wine market in France.

Source: lefigaro

All business articles on 2021-11-22

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.