Sotheby's Willy Michiels Cellars Part IV Sells 94% by Lot Count, €2.14M Sale Total (Oct 29, 2026)

Market Pulse

Sotheby's sale realized €2,135,078. Analysis covers 447 of 485 offered lots. Whole-sale sell-through was 94.0%. The analyzed lots account for €2,067,828 of realized value. Average equivalent bottle price across analyzed lots was €509.46. Whole-sale realized value per offered lot was €4,402.22 including unsold lots in the denominator. The median sale total across 6 prior auctions from this provider in EUR was €1,180,320. 7 analyzed lots exceeded their observed comparable-price highs in the preceding 360-day history window.

Estimate Performance

Of 447 analyzed lots with hammer prices and both estimates, 132 (29.5%) finished above estimates, 270 (60.4%) within, and 45 (10.1%) below. All percentages use this same sample. Hammer prices exclude buyer premium.

Breakout Lots

The Leroy Vosne-Romanée Les Beaux Monts 1994 sold at €2,083.33 per bottle against an estimate of €3,000 to €4,000. It sat 6.7% above its five-sale median of €1,952.05, near the top of its recent range of €1,218.29 to €1,969.21. The Domaine des Lambrays Clos des Lambrays 1990 sold at €364.58 per bottle against €1,800 to €2,400, which was 23.9% above its median of €294.22. The Château La Conseillante 1986 at €250.00 was 47.8% above its five-sale median of €169.14, the largest deviation among the record-flagged lots.

Soft Spots and Bargains

The Château Léoville Las Cases 1989 sold at €187.50 per bottle, 43.8% below its median of €333.76 and below its recent range floor of €127.46. The Château Latour à Pomerol 1994 sold at €41.67, 43.3% below its median of €73.52. The Clos de Vougeot 1988 Château de La Tour sold at €78.17, below its recent minimum of €101.01. The Drouhin Bâtard-Montrachet 1996 sold at €177.08, below its recent minimum of €232.92.

Spotlight Wines

The Château La Conseillante 1986 sold at €250.00 per bottle in this sale. Its 365-day series includes sales between €94.77 and €172.29 in the trusted-auction-house sample, with the most recent prior comparable at €95.20 on October 28, 2026. The sample includes ten entries across several providers, so the series is useful for context but remains thin at the top end.

The Corton Charlemagne 1990 Joseph Drouhin sold at €145.83 per bottle. Its 365-day series shows prices from €95.47 to €125.00, with the October sale above the recent range of €98.07 to €130.72 and above the median of €108.48. The series includes six Sotheby's entries across 2025 and 2026.

The Domaine des Lambrays Clos des Lambrays 1990 sold at €364.58 in this sale, while most Sotheby's lots in this sale for the same wine realized €333.33 per bottle. Over the 365-day series, values ranged from €250.00 to €364.58 across Sotheby's sales, with several April and March 2026 lots near €270 to €293. The series is dense enough to show a consistent band, though it reflects auction-house sales rather than a single trend.

The Chablis Butteaux 2000 Domaine Raveneau sold at €437.50 per bottle, above its recent range of €253.47 to €390.47. The 365-day series includes Sotheby's and Christie's sales, with values from €248.09 to €373.36. The sample is small, with six entries, so the observed high should be read as a limited data point.

Outlook

The sale's breadth and high sell-through indicate active demand across the offered mature Burgundy and Bordeaux lots. Estimate outcomes were mixed, with a visible group of lots clearing below their recent comparable ranges. Future results from comparable Sotheby's sales will show whether the observed pattern holds.