As anticipated, and despite the many down results this year, Egon Muller Kabinett Alte Reben Auction showed once again this year why it is the first, and so far only, trusted investment/collection wine in addition to being an absolutely majestic beverage.
The Kabinett was up 5% to finish at a record 526 Euro per bottle.
This year was also an insight into what happens when two bidders REALLY want one bottle. Last year there were three 3L bottles selling at 4,000 Euro each. This year there was just one 3L bottle and it sold for a jaw-dropping 10,100 Euro.
Muller also presented a 2015 BA which performed quite well at 3,700 per half, 7,000 per bottle and 16,000 per magnum. No recent comps- it has been a while since Muller brought a BA to auction.
No comps to prior year for Schloss Saarstein’s Auslese in 375ml, but at 50 Euro per half bottle a performance in line with a year in which Auslese is proving a difficult prospect.
The Von Hövel Kabis were just served. Of course it’s very difficult after that phenomenal Beerenauslese, but to my taste they are the weakest of the entire line up. Had the same impression this morning when they were served along with their peers.
von Hovel’s Kabinett Scharzhofberger fared well at 80 Euro per bottle, up 13% from prior year, but large formats came down- magnums were off 48% at 105 Euro and the 18L was off 64% at 3,600 as compared to last year’s price of 10,100 Euro.
The 2022 Hutte Kabinett at 35 Euro did not have any prior year comps.
And to wrap things up, Van Volxem results were solid at 65 Euro, 155 Euro and 2400 Euro for bottles, magnums and 6L formats, respectively. No prior year comps.
I will be back later today or tomorrow with some more broad analytics. This was clearly the year of an inflection point that could potentially indicate we never left the historical random walk pattern- just had an unusual period of increases- but it will be a couple more auction cycles before that can be stated with confidence.
Very soft pricing overall by the numbers. Like last year, I’ll run some data analytics over all the results once all three auctions get done
But a short look at the Mosel numbers:
Total sales down by ~18%
Avg. hammer price down by ~6%
Avg. 750 equiv. price up by ~25% but is distorted by the Egon BA prices. (Down by ~50% when you exclude the Egon BA)
Quite a lot to think over but the problem with just looking at the numbers is that it doesn’t really account for what the wines tasted like. And even people in the room seem to diverge very significantly.
Anyway there was a very pleasant feel in the room (mostly) with growers and punters happy with everything more or less except the Wi-Fi and the few bids that didn’t keep the new, faster pace. (Caused in part, well mostly by the stupid no limit bids).
Next year there will be more wines. Albeit not many people have positive things to say about the grapes at this stage.
Very much so. I don’t make judgements on wine based on their cost, but rather how they taste. The data nerd in me can’t help but play around with the numbers though.