Sotheby’s HK shop to draw in new buyers

Sotheby’s hopes that it’s new shop at its headquarters in Pacific Place will draw in clients who do not currently buy wine at its auctions.

Robert Sleigh, Head of Sotheby’s Wine, Asia, presenting highlights from the Autumn wine sales, including Romanée Conti 2004 (one bottle), Pétrus 2005 (two magnums) and  “Super Second” Cos d’Estournel 2005 (one Imperial)

Robert Sleigh, Head of Sotheby’s Wine, Asia

Speaking at a lunch to celebrate the launch of the new shop, Robert Sleigh the auctioneer’s head of wine in Asia, explained: “Most of our clients don’t buy wine at auction but do drink wine so need to buy it somewhere.”

With only four to five wine auctions a year in Hong Kong, Sleigh said it didn’t give the house much time to “interact” with customers but that there was an on-going, “significant” demand for wines with “quality and provenance”.

Since starting wine auctions in Hong Kong in 2009, Sotheby’s sales there have realised HK$1.4 billion (US$184m) and Sleigh added that there is no doubt Asia is continuing to drive the market and has been since 2006.

The shop will range from “investment grade” to “everyday options”, from a 12-litre bottle of 2000 Haut-Brion for $280,000 to Château Berreyre, Bordeaux Superior 2010 for $148 a bottle.

Although wine is not Sotheby’s driving category, Sleigh said that buyers from all other sales had to come to the headquarters to confirm their payments and with thousands of such buyers passing through every year, the wine display was bound to attract attention.

Sleigh said they would try and keep around 50 wines under $500 a bottle on the list, there would be free delivery in Hong Kong for all orders over $3,000 and specialists would be able to offer advice on building a cellar, when to drink particular vintages and how to host a wine tasting or dinner party.

Leave a Reply

Your email address will not be published.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

Subscribe to our newsletters

Business Development Manager

Ellis Wines
Middlesex, Surrey, Sussex & Hampshire, UK

Sales Manager

The Old Curiosity Distillery
United Kingdom

Marketing Assistant

Berkmann Wine Cellars
London, UK

PR Manager - Master of Malt

Master of Malt
London, UK

Sales Manager

Hairy Dog Brewery
Haywards Heath, UK

National Operations Director

Amathus Drinks Plc
London, UK

Brand Development Executive

Manchester Gin
Manchester, UK

Sales Executive – Hush Heath Estate

Hush Heath Estate
London/ Kent

Almaviva Masterclass

London,United Kingdom
26th Sep 2018

Zonin1821 Masterclass

London,United Kingdom
1st Oct 2018
Click to view more

Champagne Masters 2018

Enter your wines into the Champagne Masters 2018, the only blind competition dedicated to Champagne in the UK.

Rioja Masters 2017

Now in its sixth year, the competition will recognise and reward the finest Riojas on the world stage.

Click to view more