(Bloomberg) -- Historic Bordeaux wines from a private collection including a bottle of Chateau Latour from the 1908 vintage and Chateau d’Yquem Sauternes dating back to 1874 go on sale at Sotheby’s in London this month, according to an e-mailed statement from the auction house.
The Latour 1908 carries an upper estimate of 2,600 pounds ($3,373), while the Yquem 1874 may fetch as much as 5,000 pounds, according to Sotheby’s. Other wines more than half a century old in the sale include a bottle of Chateau Mouton Rothschild 1945, which may sell for as much as 8,000 pounds, a magnum of Latour 1959 with an upper estimate of 5,000 pounds and an Yquem 1921 priced at up to 3,600 pounds.
The sale comes as the fine wine market is rallying after a 40 percent drop in prices of many Bordeaux first growths since 2011. The London-based Liv-ex Fine Wine Index of top Bordeaux has risen 21 percent so far this year, and just completed its third straight quarterly gain, racking up its sixth increase in the past eight quarters.
“Market activity picked up this week, increasing by both value and volume,” Liv-ex said in its Talking Trade market blog. The Fine Wine 50 index “is now at its highest level since the beginning of May 2013.”
Other more recent wines in the sale include 12 bottles of Chateau La Mission Haut Brion 1982 carrying an upper estimate of 7,000 pounds and six bottles of Petrus 1982 priced at up to 16,000 pounds, according to Sotheby’s.
Two 12-bottle lots of Chateau Lafite Rothschild from the 2000 vintage may sell for as much as 11,000 pounds each, while two similar cases of Mouton 2000 carry a top estimate of 14,000 pounds each, according to the auction house.
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