Strong results for Zachys La Paulée sale

La Paulée de New York for some collectors the highlight of the year’s wine calendar.  This is undoubtedly true for the consignors at Zachy’s La Paulée auction, which turned in a very robust result with 99% sold and an aggregate achieved of $7.88 million.  The named collection from Dr. Robert Caine sold particularly well, and Coche-Dury generated notable interest, with cases of 1992 and 1996 Meursault Perrières each realizing $39,200 against estimates of $18,000 – $28,000, a new world record for both wines.  The top lot of the sale was a 1990 DRC assortment case that earned $49,000, above the average for this wine.  In all, DRC accounted for 16 of the top 25 highest-grossing lots, suggesting that DRC prices are still strong.  The first day of the sale largely featured non-Burgundy wine, and these lots also sold well for the most part, with the caveat that results for California wine outside of the rarest lots were comparatively much weaker than other categories.

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