147th Hospice de Beaune Reflects Demand for Red Burgundy
Annual charity wine auction raises 4.49 million euro; shows 38% increase in value for reds.
The overall value of red and white burgundies sold at this year's Hospice de Beaune auction in
"The spectacular increase in prices for the reds is due to a number of things," says Anthony Hanson, wine consultant for Christie's Auction House, which has run the auction since 2004. "There's an increase in demand in the
The amount of sorting required was due to weather-related problems during the 2007 harvest which led to mildew and rot, and ultimately to a loss of up to 30% of the harvest. "Only the best berries got used this year so the wines are cleaner and denser," says Hanson.
The Hospice auction sells
A total of 607 barrels were sold this year, compared to last year's 680 barrels, which went for 3.8 million euro.
Buyers were able to bid over the internet for the first time this year, and Hanson said there was "sustained interest from the Web" throughout the sale.
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