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Published:  23 July, 2008

By Conal Gregory MW

Burgundy prices tumbled at the well-attended Hospices de Nuits auction on Sunday 23 March. Nuits is France's second most famous wine sale, after Beaune, held each November. Traditionally, the Nuits auction has allowed the trade to assess the most recent Burgundy vintage after its first winter of development. All proceeds go to charity. The red Burgundies made e439,800 for the 141 pices, a fall of 11.94%, reflecting both a disappointing year and anti-French sentiment over Iraq. The average price was e3,119 per pice. Only three white pices were offered, realising e9,000, a dramatic 31.82% fall. The auction's buyers came from Belgium, Germany, Japan, the Netherlands, Switzerland, the UK and United States. The Nuits auction also included an exceptional' parcel (Gevrey-Chambertin, Les Champs-Chenys, Cuve Irene-Noblet), which sold for e30,000 per pice. Eaux-de-vie to a value of e4,112 were also sold.