Iron Gate Auctions
Timed Auction

IronGate Fine Wine Auction

Tue, Feb 6, 2024 10:00AM EST - Tue, Feb 13, 2024 08:00PM EST
  • 1970
  • 750ml
  • France
  • Bordeaux
  • Medoc
  • Margaux
  • Bordeaux Red Blend
  • Red
  • EE3378
  • EE3379
Lot 54

1970 Chateau Margaux - 750ml - 2 bottle(s)

Estimate: CAD$850 - CAD$1,300

Bid Increments

Price Bid Increment
CAD$0 CAD$20
CAD$500 CAD$50
CAD$1,000 CAD$100
CAD$2,000 CAD$200
CAD$3,000 CAD$250
CAD$5,000 CAD$500
CAD$10,000 CAD$1,000
CAD$20,000 CAD$2,000
CAD$50,000 CAD$5,000
CAD$100,000 CAD$10,000
This lot is comprised of 2 bottle(s) of 1970 Chateau Margaux - 750ml. Estimate for this lot is between $850 - $1300 with a reserve of $700. The bottles in this lot come from collection 11385.

Condition

Base Of Neck

All lots are located in Calgary, Alberta, Canada.  Confirmation of pickup or delivery of Iron Gate Commercial Auction winnings must be made within 60 days of auction close. Thereafter, your winnings will be subject to storage fees, including a $75 setup, subsequent $5.00/case/month and $1.25 per bottle fee for inventory services. If no contact has been made within two years, auction winnings will be considered abandoned.

 

It is the responsibility of the buyer to make all arrangements for insuring, packing and removing the property purchased and any assistance by the Auctioneer, or the employees of, agents or contractors in packing and removal shall be rendered as a courtesy and without any liability to them. The Auctioneer shall not be liable for any errors or omissions or damage caused by packers and shippers, notwithstanding the fact that the Auctioneer may have recommended such shippers or packers to the purchaser.

The wine in this collection comes from an Ontario based cellar established in 1976. The owner has always had an appreciation of wine and he became more knowledgeable after reading A Wine Tour of France as a young adult. He built a cellar in his home and started to purchase wine for consumption as well as for collecting. Much of the wine came from the LCBO and their auction but he also purchased some in Alberta where he fondly remembers buying a 1967 Chateau D’Yquem. He doesn’t drink wine as much these days and decided to put some of his collection up for auction so that others have the opportunity to enjoy the wine he has collected over the years.
Producer notes- Just to mention the name of Château Margaux is enough to make wine lovers tremble. This is a cru with a rare sense of clarity. In its great vintages, it combines the concentration of a Médoc with tannins of immense distinction like no other wine. It is an iron fist in a velvet glove. The nose develops aromas of violet, blackcurrant and blackberry. On the palate it is generous, smooth and completely pure. An iconic wine which should be enjoyed after aging fifteen to thirty five years in the cellar. Owned by Edward III of England, the Albret and then the Montferrand families, the property served as a military base until 1802, when the Marquis de la Clonilla demolished the fortress to build the residence that stands there today. The architect Louis Combe is responsible for the magnificent building which adorns the Château’s bottles. Until the early 1960s, the wines were usually excellent and sometimes outstanding. As such, the legendary 1900 vintage was one of the most renowned wines of the last century. With the arrival of the Mentzelopoulos family in 1977, and thanks to the talents of Emile Peynaud, the wines have regained their premier grand cru classé quality. 1978 saw the beginning of a succession of extremely impressive vintages. Paul Pontalier who left in 2016 had worked to produce these legendary vintages. Philippe Bascaules, the new Managing Director, will do his utmost to carry on the amazing story. Château Margaux has a single block of vines, mostly planted on gravelly, sometimes clayey soil with a high proportion of limestone. Recent vintages have exceptional aging potential. The estate also produces Pavillon Blanc which is a superb, fruity and concentrated white wine.