Iron Gate Auctions
Timed Auction

IronGate Fine Wine Auction

Tue, Apr 29, 2025 10:00AM EDT - Tue, May 6, 2025 08:00PM EDT
  2025-04-29 10:00:00 2025-05-06 20:00:00 America/New_York Iron Gate Iron Gate : IronGate Fine Wine Auction https://bid.irongateauctions.com/auctions/iron-gate-wine/irongate-fine-wine-auction-17825
Iron Gate is thrilled to announce the April Fine Wine Auction. There are over 1000 lots of exceptional wines to bid on from top cellars across the country. Vintage-claret takes up nearly a third of the April catalogue, and collectors can expect other significant offerings from Burgundy, California, and Tuscany, with excellent Champagne, Rhone, and South Australian (and more!) to fill the gaps. **Please note: A Buyer's premium of 17.5% is applicable to this sale.** Operated under license by Alberta Gaming Liquor and Cannabis and Alberta Auction license #813206.
Iron Gate Auctions info@irongate.wine
  • 1987
  • 750ml
  • France
  • Bordeaux
  • Medoc
  • Margaux
  • Bordeaux Red Blend
  • Red
  • First Growth
Lot 8

1987 Chateau Margaux - 6 bottle(s)-750ml

Estimate: CAD$3,300 - CAD$4,800
Starting Bid
CAD$2,600
$1,805.56

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 6 bottle(s) of 1987 Chateau Margaux - 750ml. Estimate for this lot is between $3300 - $4800 with a reserve of $2600. The wine in this lot belongs to collection 11604.

Condition

Please note the following bottle conditions in this lot - Base Of Neck

Available payment options

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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.

An Alberta-based collector who started buying wine in the early eighties. He was told at that time to buy futures, so he started to buy by the case. Wine was always stored at 58 degrees in one of his 2 wine fridges. He always liked Bordeaux and kept buying them and storing them for future consumption. Unfortunately, around 1995 the prices shot up and so began buying and drinking less expensive wine, concentrating on Pontet Canet, which he feels is as good as the first growths. As he ages, he has decided to thin out his collection.
Producer notes - Château Margaux is one of Bordeaux's most famous wine estates, located just east of Margaux itself in the Médoc. It was rated as a first growth in the original 1855 Bordeaux Classification of the Médoc. Generally, Margaux is considered as the most elegant of the first growths, and is consistently one of the most expensive wines in the world. The Cabernet Sauvignon-dominant blend is complimented with small portions of Merlot, Petit Verdot and Cabernet Franc.