Iron Gate Auctions
Timed Auction

IronGate Fine Wine Auction

Tue, Sep 17, 2024 10:00AM EDT - Tue, Sep 24, 2024 08:00PM EDT
  • 1998
  • 750ml
  • France
  • Bordeaux
  • Medoc
  • Margaux
  • Bordeaux Red Blend
  • Red
  • First Growth
  • HH205
  • HH206
Lot 115

1998 Chateau Margaux - 2 bottle(s)-750ml

Estimate: CAD$1,100 - CAD$1,600

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 1998 Chateau Margaux - 750ml. Estimate for this lot is between $1100 - $1600 with a reserve of $850. The wine in this lot belongs to collection 11517.

Condition

Please note the following condition/s on 1998 Chateau Margaux Bordeaux In Neck.

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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.

This consignor was in the retail wine and agency business as the owner of The Wine Shop in Calgary, the first license holder from Alberta’s privatization initiative in the 1980s. He bought the business from a friend and was seduced by the idea of combining his love of travel and food with finding wine producers to represent and import. Involvement in the industry led to him becoming an enthusiastic collect in 1995. His collection has always been stored in a climate-controlled wine room built in his home, with a capacity of 1500 bottles.
The tasting note for 1998 Chateau Margaux is from Robert Parker and the score is 91 - The 1998 Margaux's color is a dense ruby/purple. The wine is tannic and austere, but elegant, with notes of asphalt, blackberries, acacia flowers, and sweet, toasty oak. Subtle, rich, nicely-textured, and medium-bodied, it is built for the long haul.