Sotheby’s first London wine sale of the autumn season generated £1,674,810 ($2,729,940), hitting its pre-sale high estimate of £1.67 million.
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.
Auction house Sotheby’s has expanded its retail arm with the opening of a new store at its Hong Kong headquarters in Pacific Place.
Sotheby’s upcoming London wine sale, set to feature more than 1,000 lots of rare and classic Bordeaux wines, has been tipped to raise more than £1 million.
Sotheby’s is to auction off 114 bottles of Domaine de la Romanée-Conti in Hong Kong this October – the most valuable lot ever offered at a wine sale.
The founder of US computer services giant Netscape is planning to sell $6 million (£3.6m) worth of his collection of fine wines.
UK auction house Sotheby’s held a two day sale in London last week that achieved nearly £1.3 million as sales for the first half of the year rose 33% on the same period in 2013.
Sotheby’s and eBay have joined forces in the hope of expanding the reach of auctions for rare and vintage wines.
Sotheby’s has lined up over 1,000 “who’s who” lots of top flight Bordeaux, Burgundy and Rhône for its London sale later this month.
Pétrus 1990 was the leading lot at Sotheby’s New York sale, with Lafite, Haut-Brion and Burgundy also making the list.
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