Iron Gate Auctions
Timed Auction

IronGate Fine Wine Auction

Tue, Feb 6, 2024 10:00AM EST - Tue, Feb 13, 2024 08:00PM EST
  • 1988
  • 750ml
  • France
  • Bordeaux
  • Medoc
  • Margaux
  • Bordeaux Red Blend
  • Red
  • DD4048
  • DD4049
Lot 90

1988 Chateau Margaux - 750ml - 2 bottle(s)

Estimate: CAD$1,200 - CAD$1,700

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 1988 Chateau Margaux - 750ml. Estimate for this lot is between $1200 - $1700 with a reserve of $950. The bottles in this lot come from collection 11413.

Condition

Bordeaux In 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.

This Vancouver based collector was introduced to fine wine in his early 20s. He joined a few wine clubs, Commanderie de Bordeaux and Confrerie de Tastevin among them, and started his cellar in the 90s. He has been an avid collector since, amassing over 8000 bottles throughout the years and keeping meticulous provenance notes on each one; the 2 bottles of 1988 Chateau Margaux were purchased in 2015 through Zachys. His wines were procured from government and private stores, direct from US wineries and Zachy’s in NY and all have been stored in his temperature and humidity-controlled cellars at home as well as at 13C Wine Storage.
The score for 1988 Chateau Margaux is 93 from Robert Parker and the tasting note - The 1988 Chateau Margaux is a wine that was always overshadowed by the succeeding pair of vintages and like many 1988s, appeared rather conservative and lacked flair. However, I was gobsmacked by the performance of this wine at 28 years of age. Deep and clean in color, the bouquet is quintessentially Chateau Margaux with blackberry, potpourri, cedar and violets. It has wonderful clarity. The palate is medium-bodied, fresh as a daisy on the entry with a killer line of acidity that offsets those vibrant black and red fruits. There is energy here, vivacity, as if this Château Margaux suddenly realized its true potential after all these years. While it does not possess the length of the 1989 or 1990, there is such pleasure bound into this wine that you care little about that. Maybe I underestimated this wine for many years or perhaps it is a simple case of a "late bloomer." While the 1988 might not belong in the top echelons of releases from this First Growth, it might be considered the undiscovered gem of that prosperous decade for the chateau.