Hospices de Beaune: Record proceeds of 11.35 millions € in 2015

Thursday November 26 2015 by Vitisphere

Hospices de Beaune: Record proceeds of 11.35 millions € in 2015

Christie’s, Beaune town council and the Hospices de Beaune, organisers of the 155th Hospices de Beaune auction which took place on Sunday November 15, faced the daunting task of deciding whether or not to go ahead with the sale in the immediate aftermath of the Paris attacks. “Standing up and being counted is the best way to show that we are united in the face of barbarity, particularly since the Hospices sale is for charity”, announced Alain Suguenot, mayor of Beaune, during the press conference held on the day of the auction.

As a sign of solidarity for the victims, a minute’s silence was observed followed by singing of the national anthem by everyone in attendance. “Shipping companies and wine lovers from around the world paid tribute to the victims of the Paris attacks by attending in large numbers”, said the sale’s organisers. The decision was also made to donate equal amounts of money from the sale of the ‘chairman’s cask’ – a Corton-Renardes Grand Cru – to three associations: the national federation of victims of attack (Fenvac), the Curie Institute and the Stroke Research Foundation. The cask fetched a record 480,000 euros, “thanks to the generosity of one French woman”.

A total 575 casks were auctioned, divided between 458 of red wine and 117 white. Proceeds from the sale of the casks reached 10.88 million euros, “due to an outstanding 2015 vintage”. The average price for white wines soared by 38% compared with 2014 whilst the average price for reds surged by a similar 39%. The average price for both colours reached 18,888 euros per cask this year, compared with 13,750 euros in 2014, equating to a 37% increase. “We also witnessed an all-time record for a cask sold during the Hospices de Beaune auction: Clos de la Roche Grand Cru Cuvée Cyrot-Chaudron fetched 117,700 euros”, stated the official press release.

By value, 60% of casks were bought by shipping companies and 40% by wine lovers. Most of the bids came from Europe (76%), followed by Asia (19%) and the United States (5%).

Overall proceeds from this year’s auction reached 11.35 million euros, a new record, following on from the previous record…in 2014. Last year, 8 million euros were raised.

 

[Source: Vitisphere; Photo: BIVB]

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