You are currently viewing the International Edition. You can also switch to the Hong Kong Edition.
Tuesday 30 June 2015

Burgundy dominates HK sale

2nd September, 2013 by Rupert Millar

Christie’s first autumn sale in Hong Kong got off to a strong start with Burgundy and Pétrus being both the star attractions and biggest sellers.

hong-kongIn total, the auction was 96% sold by lot and 97% by value, making HK$29,804,844 (£2,503,607).

The top lot were three magnums of 1969 Domaine de la Romanée-Conti Romanée-Conti, which sold for $427,000 – a little beneath the high estimate of $450,000.

Next came 10 bottles of the buyers’ other favourite Burgundy, Henri Jayer’s 2001 Vosne-Romanée premier cru Cros Parantoux, where the hammer came down at $427,000 too, this time well above the $380,000 high estimate.

It was a similar story for the third top lot, a case of 1989 Pétrus which was bought for $317,200.

The dominance of Burgundy (particularly DRC and Jayer) and Pétrus at auction is a trend that was seen earlier this year and has been gathering pace for the last couple of years.

Aside from those three wines, the only other estate in the top 10 was Cheval Blanc, three bottles of the fabled 1947 selling for $268,400.

Simon Tam, head of wine Christie’s China, said: “We witnessed strong international interests in today’s sale. Buyers from fourteen countries covering Asia, Americas and Europe participated in this single-owner collection, which was built up over decades by a passionate wine-collecting individual.

“We are pleased with the results of wines from Bordeaux and Pétrus. Over 94% of the wine from Pétrus, in particular, were sold above its estimate range. White wines and champagnes were also warmly welcomed with over 94% of those sold above its estimate range. This indicates the diversity of tastes, and the depth and width of the wine market.”

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

If that's interesting, how about these?

Burgundy headlines at Acker’s June HK auction

Featuring smaller-sized lots and classic vintages of Burgundy and Bordeaux, more...

Robert Parker says sorry to Burgundy

Robert Parker has admitted to the drinks business that he was “too more...

AWC launches £75k Versailles oak wine case

The Antique Wine Company has marked its 25th anniversary with the launch of a more...

Vinadeis unveils Languedoc 'black diamonds'

One of France’s largest wine producers has launched a high-end Languedoc more...

Final call for Liberty apprentice scheme

Liberty Wines is inviting final applications for its apprentice programme, more...

Wine cellar carved into cliff on sale for $3m

A nine-storey deep wine cellar carved into a cliff edge has gone on sale in more...

Marketing and eCommerce Manager

London, United Kingdom

Competitive, includes equity options

Bordeaux 2005: Biggest movers

Expectation surrounding the 2005s is building and pushing up prices for top more...

Wine from Napoleon’s carriage to be sold

A bottle of wine apparently found in Napoleon’s carriage after Waterloo – more...

Parker retrospective boosts 05 Palmer

Château Palmer’s 2005 is the latest wine from that vintage to see an more...

Supplier Relationship Manager

London, United Kingdom

Virtual reality could treat alcoholism

Virtual reality therapy is a "promising approach" to the treatment of alcohol more...

Online retailer to highlight 'hidden gems'

A new online boutique wine importer and retailer Perfect Cellar has opened for more...

UK craves Spanish wining and dining

British foodies are passing over Bordeaux and Burgundy in favour of Spanish more...

London Sales Manager / Key Account Manager

London, United Kingdom

Competitive - depending on skills and experience

Bordeaux wine thieves found guilty

A French court has sentenced 15 men over the audacious theft of $1.1 million of more...

Champagne shines at London sale

Sotheby’s London fine wine sale saw strong bidding for Champagne and a case more...

Mumm rereleases key vintages in Hong Kong

Due to the region's increasing interest in bubbles, G.H. Mumm has relaunched more...

International Business Development Assistant

London, United Kingdom

To be determined, based on the profile and experience of the candidate

Austrian wine importer launches in Hong Kong

A wine importer specialising in Austrian wines has launched in Hong Kong to more...

Wine thieves go on trial

A gang of wine thieves accused of stealing a million euros worth of wine from more...

BI offers 2014 imperial collection en primeur

Fine wine merchant Bordeaux Index is offering its clients a 10 imperial more...

Business Development Executive

London, United Kingdom

£25-£30K + benefits, depending on experience

Beaujolais pushes for sparkling AOC

Beaujolais is trying to gain AOC status for its sparkling wines which, with it more...

Castel feeds aperitif thirst

Europe’s largest wine producer, Castel, has unveiled a raft of new products more...