Wine Collection Fetches $7.5 Million at Auction

Dr. Vino reports on the latest major wine sale at auction, which speaks to how a venerable provenance is especially prized in the age of sophisticated counterfeit. The 986 lot of Burgundies from H.B. Harris’s collection commanded $7.5 million in Chicago at a Hart Davis Hart auction this weekend. The original owner, a real estate developer who died at 78 last year, started collecting wines in his twenties. Many original receipts were kept, which makes for astounding evidence of bottle appreciation: Harris paid $68.99 per bottle for ’85 Jayer Cros Parantoux. Six of those bottles sold for a total or $101,575 or $16,929 each (245 times the original price). [Dr. Vino]