Useful tips before investing in Burgundy wineries
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Auction Results
New York | 6 December 2014
Finest and Rarest Wines
http://click.sothebys-email.com/?qs=4f3 ... 219f03d789
TODAY'S FINEST AND RAREST WINE SALE REACHED AN EXCEPTIONAL TOTAL OF US$4.4 MILLION
Sale Total: US$4,436,552 against estimates of US$2,788,800/US$4,007,900
Sold Percentage: 95% sold by lot
Percentage of Lots Sold Above High Estimate: 60%
Buyers:
- North America: 78%
- Asia: 11%
- Latin America: 11%
Online Bidders: 20% of the lots were bought online.
Duncan Sterling, Head of New York Wine Auctions at Sotheby's commented: "Today at Sotheby's Wine New York we saw spirited bidding from all over the world competing for some of the rarest wines ever sold at Sotheby's. Outstanding prices were achieved for magnums of 1961 Petrus and 1990 Chambertin from Domaine Armand Rousseau, and record prices were achieved for Sine Qua Non. Special offerings from Paul Jaboulet Aine and the Peter Michael Foundation brought extremely strong prices for verticals created especially for this sale. A full saleroom, multiple telephones and active online bidding led to a superb result, well over the high estimate for our lead consignment, Magnificent Wines from the
Cellar of Dr. Ed Planz and we were delighted to have Dr. Planz and his friends in the saleroom to watch his collection soar over the high estimate to US$2,017.024."
Sale Highlights:
- The Magnificent Cellar of Ed Planz sold for US$2,017,024 against a low estimate of US$1,259,300
- A unique consignment of 59 lots of Sine Qua Non from a West Coast collector sold for an incredible US$375,769 against a low estimate of US$84,450
- Large formats direct from Paul Jaboulet Aine sold for US$89,793 against a low estimate of US$35,750
- An 18 vintage vertical of Peter Michael Les Pavots 1994-2011 sold to benefit the Peter Michael Foundation sold for US$23,275 against a low estimate of US$12,000
Top Five Lots:
- 2 magnums of 1961 Chateau Petrus sold for US$79,625
- 34 magnum vertical of Hermitage, La Chapelle Paul Jaboulet Aine sold for US$61,250
- 11 bottles of 1985 La Tache, Domaine de la Romanee-Conti for US$52,063
- 4 bottles of 1997 Sine Qua Non Crossed sold for US$52,063
5x 1982 Château Lafite Rothschild Schätzpreis 11,000 - 17,000 Zuschlag 8,500$ 10,157.50 inkl...
2104 3x 2006 Riesling, G-Max, Weingut Keller 650 - 950 Zuschlag 850$ 1,015.7
Sotheby’s concluded its last wine auction worldwide of 2014 – A Superb Private Cellar this evening at Sotheby’s Hong Kong Gallery, achieving a sell-through rate of 96.1% by lot and 97.3% by value and realising HK$26 million / US$3.33 million in total (Est. HK$20 – 28 million / US$2.6 – 3.6 million*).
Mature wines from Domaine de la Romanée-Conti were highly sought by discerning Asian wine lovers, with five magnums of 1971 Romanée-Conti sold for an impressive HK$1.35 million / US$173,000 (approximately HK$270,000 / US$34,600 per magnum), making it the top lot of the evening. The selection of La Tâche from 1966 to 2006 also performed well, bringing an overall total of HK$8.44 million / US$1.08 million. Top-quality and mature Bordeaux continued to be in high demand, with the 49 Pétrus lots on offer achieving HK$7.3 million / US$934,500.
Commenting on the sale result, Robert Sleigh, Head of Sotheby’s Wine, Asia, says, “The wines from Domaine de la Romanée-Conti and Château Pétrus confirmed their place as two of the most desirable wines in the world. Bidders from Asia and the US competed especially enthusiastically for mature vintages and rare large formats
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