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Corks pop at record-breaking Acker sale

Acker Merrall & Condit opened its autumn sales in Hong Kong strongly this weekend with 36% of lots going for more than the estimate and a slew of records broken.

Held on 21 & 22 September 2012 at the harbourfront Grand Hyatt Hong Kong, the auction house’s opening sale reaped an astonishing total of HK$61,796,676 (GB£4,911,278) with 98% sold, and enjoyed setting eighty-eight new world records – including 47 for Champagne. Among those, 12 were for Krug, eight for Roederer and six for Salon.

One of the key lots and a highly anticipated sale worldwide, the auction featured the “legendary” Champagne collection of renowned collector Robert Rosania, which went under the hammer for close to HK$8 million (£635,798)

“We are thrilled with the remarkable results of our first sale of the fall here in Hong Kong”, John Kapon, CEO of Acker Merrall & Condit Companies, said. “The sale is a testament to the growing strength of the global Champagne market. I was impressed by local collectors’ passion and appetite for Champagne, which showed me that the market is continuing to strengthen by diversifying.

“I was also impressed with the demand for older wines in general, which is a sign that the market is maturing, pun intended. Fine and rare Bordeaux and Burgundy wines still dominated the top 10 lots, showing the intense demand that still remains for those wines in the marketplace, led by Mouton Rothschild, DRC, Henri Jayer, Latour, Pétrus and Lafite Rothschild. Bordeaux regained a bit of bounce in the salesroom, another good sign.”

Other notable Champagne lots included:

– A bottle of 1911 Moët & Chandon (HK$83,640/ GB£6,647 Lot 93)

– A magnum of 1964 Roederer Cristal (HK$54,120/ GB£4,301, Lot 109)

– 12 bottles of 1990 Roederer Cristal (HK$59,040/ GB£4,692, Lot 453)

– six bottles of 1976 Taittinger Comtes de Champagne (HK$98,400/ GB£7,820, Lot 657), nearly tripling its pre-sale high estimate

– six magnums of 1985 Salon (HK$73,800/ GB£5,865, Lot 680)

– six magnums of 1996 Salon (HK$54,120/ GB£4,301, Lots 695-696)

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