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Auction Market Update

Auction Market Update

Staying at home can have some advantages; taking time to browse Langton’s auction and research your passion! Read the latest Auction Market Update from Langton’s Head of Auctions Tamara Grischy. Browse our Live Auctions now

Wine rack at home

The wine auction market is solid

The secondary market is solid. A strong auction market highlights the need for great supply. Many vendors and collectors are looking to turn their precious liquid into liquidity. Dip into your cellar and sell your wines now.

Staying at home has its advantages; wine collectors can take the time to browse and research their passion. Over the last five weeks we have seen bidding numbers increase by 26%. And, bottle clearance rates have grown by 10%.

Staying at home has its advantages...

Bar top with wine bottles

Demand for International and Domestic

Classic brands from around the globe—we’re talking Bordeaux, Burgundy, Champagne, Piedmont—from great vintages they will sell. Australians are always strong performers. Check out the list of Langton’s Classified wines—Australia’s form guide to the top-performing wines.

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Blow out those candles

Birth year Penfolds Grange achieve a 22% higher price in a 30th, 40th, 50th birthday year than the year before.

In the last 10 years, Penfolds Grange lots between 1990 and 1970 have achieved a 79% higher price at auctions on average. The stand out vintage was 1971, where the average hammer price in 2009 was $612, compared with $1,593 in 2019.

Langton's Auctions sell 37,000 unique items every 12 months. The 37,000 items are a mix of different bottle sizes, from 50ml vintage ports through to 9 litre Salmanazars, different vintages and varietals. 

Most Action – Top 10 Wines by Bidding

Here are the Top 10 wines by Bidding Feb to April. These are the wines bidders fought over right up to the hammer. (prices inc. BP)

 

Hentley Farm Clos Otto Barossa Valley Shiraz 2014

$155

Château Pape Clément cru classe Pessac 2014

$140

Kooyong Ferrous Pinot Noir 2016

$64

Clarendon Hills Astralis McLaren Vale Syrah (Signed) 2012 Magnum

$487

Sottimano Curra Barbaresco DOCG 2011

$99

Domaine Jean-Noel Gagnard Clos De La Maltroye 1er Chassagne-Montrachet 2017

$154

Seville Estate Old Vines Reserve Yarra Valley Cabernet 2015

$56

Devil's Lair Margaret River Cabernet 2014

$41

Clos de l'Eglise, Lalande-de-Pomerol 2015

$151

Greenock Apricot Block Barossa Valley Shiraz 2015

$52

Highest Bids - Top 10 Wines by Price 

Here are the Top 10 wines by price Feb to April. These are the wines top collectors bought. Note the happy birthday wines from vintages ending in 9. (prices inc BP)

Domaine Leroy Musigny 1995 

$17,475

Penfolds Bin 60A Coonawarra Cabernet Kalimna Shiraz 1962

$16,310

Domaine Henri Jayer Grand Cru Echezeaux 1999

$8,155

Armand Rousseau Chambertin-Clos de Beze 2002 Magnum

$7,689

Domaine de la Romanée-Conti Richebourg 1976 Magnum

$6,431

Petrus Cru exceptionnel Pomerol 1969

$6,431

Domaine Leroy Richebourg 1995

$5,826

Domaine de la Romanée-Conti La Tache 1978

$5,359

Penfolds Bin 95 Grange Shiraz 1964

$5,244

Château Haut-Brion Graves 1996 Imperial

$5,127

Don’t hesitate to get in contact with our Auctions Team to get your wine appraised or to find out more details on how you can realise the value of a single bottle or a whole collection.

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