Sotheby’s results back to 2011 levels

1st February, 2013 by Rupert Millar

Sotheby’s was celebrating a high value London sale this week with the sell through rate by value the highest since January 2011.

Lots 157-158 Domaine de la Romanee Conti 1999 assortmentThe sale made £1,403,092, surpassing the £1,069,910 – £1,377,050 estimate. It was 98% sold by lot and 99% by value.

Stephen Mould, head of Sotheby’s European Wine Department, said: “The start of the auction season in London saw the highest sell-through rate of 99.5% by value since January 2011.

“There was exceptional interest in the sale, with a high number of absentee bids and strong bidding on the telephone, in the room and online. Buyers from the UK, Asia and Europe were all eager to acquire top wines of impeccable provenance.”

Indeed of the 10 biggest sales, the top lot – a 12-bottle assortment of 1999 Domaine de la Romanée-Conti – sold to an American client for £28,200.

The following three top lots – another 1999 DRC assortment, a case of 1982 Lafite and 2000 Lafite – were sold to Asian buyers.

The prices, however, either stayed comfortably within their recommended prices or strayed just a little over.

Asian buyers also snapped up a case of 1989 Haut-Brion and a case of 2000 Ausone.

A European buyer paid £11,163 for a case of 2005 Chambertin Clos de Bèze from Armand Rousseau, and UK trade and private clients snapped up cases of 1982 Latour, 1999 Chambertin from Rousseau and 1989 Haut-Brion.

Mould concluded: “This renewed interest in Bordeaux, including Haut-Brion Blanc and Sauternes, as well as continued demand for Burgundy, point to optimism for the future.

“We now look forward to our next auctions, on 23 February in New York and 27 February in London.”

The New York auction will feature ex-cellar Ornellaia, Dom Pérignon and Yquem.

Leave a Reply

Your email address will not be published.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

Subscribe to our newsletters

Job vacancies

Sales Order Processor

Amathus Drinks
Park Royal, London NW10, UK

Sales Executive (London – Craft Spirits)

Bimber Distillery
London, UK

Events & PR Co-ordinator

Alliance Wine
London, UK

Partner Development Manager - That Boutique-y Gin Company

That Boutique-y Gin Company
Field Based, UK

Head of Merchant Sales

Grapevine the Wineservice Company
Cumbria, UK

Director of Sales

Matthew Clark
Field based - Hampshire, Dorset, Surrey, Berkshire or West Sussex, UK

Business Development Manager – Central London

Marussia Beverages UK Ltd
Field based – London, UK

Account Manager – Premium Restaurants, London

Kingfisher Beer Europe Ltd
London (Central), UK

Field Sales Representative - Beer Innovation

Elastic
Various locations, UK

Events Executive

The Drinks Business
London, UK

Area Sales Executive

Gordon & Macphail
Southern England (excluding London) and Inner London, UK

Buyer – Wine & Spirits

Sipp
London, UK

Spirits Advisor

The Whisky Exchange
London, UK

Marketing Implementation Manager

Matthew Clark
London / Field, UK

The Global Malbec Masters 2017

Deadline : 1st August 2017

The Global Beer Masters 2017

Deadline : 1st August 2017

Global Chardonnay Masters 2017

Deadline : 1st August 2017

The Global Riesling Masters 2017

Deadline : 1st August 2017

Click to view more

The Global Organic Masters 2017

The drinks business is thrilled to announce the launch of The Global Organic Masters

The Drinks Business Awards 2017

Now in its 15th year, the db awards have become the most authoritative, internationally respected badge of achievement in the alcoholic drinks industry.

The Asian Cabernet Sauvignon Masters 2017

the drinks business Hong Kong announces its first year of The Asian Cabernet Sauvignon Masters.

Rioja Masters 2016

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

Click to view more