Hart Davis Hart, a Chicago-based wine auction house, just released it’s half-year financial information. We knew wine buyers had money – what we didn’t know is that their finances apparently are unaffected by bad economic times. This year, since January, HDH has sold 23 MILLION dollars worth of wine – up 45% from that period last year.
In their most recent lot, a case of a 1996 La Tache went for $23,900 and nine bottles of 1991 Chambertin went for $17,925. We realize that fine wine is very expensive, and by all accounts HDH is a very very good auction house – nothing whatsoever against them.