Sotheby’s HK sale sets new records

Sotheby’s latest Hong Kong sale has set a new record for a single owner collection sold at auction in Asia and a world record for a wine sales series.

The sale took place from 30-31 March and included two major collections, one from an anonymous Asian collector, the other the collection of US film producer Jerry Perenchino, with the proceeds from both going to charitable causes.

In total 1,758 lots were auctioned, 100% of those consigned, and the sale realised HK$228.3 million/US$29.1m.

The Philanthropist’s Cellar was sold for HK$127.2m/US$16.2m, with the proceeds going to a charity that supports underprivileged children in rural China.

The collection was led by a 12-bottle case of 1971 Romanée-Conti from Domaine de la Romanée-Conti which made HK$2.9m/US376,144, while the collection’s leading Bordeaux lot was six magnums of 1982 Lafleur which went for HK$1m/US$133,218.

From the Jerry Perenchio collection meanwhile another case of 1971 Romanée-Conti achieved HK$3.1m/US$407,489 and nine bottles of the 1966 HK$2.3m/US$297,781.

From the rest of the sale, top lots included an ex-cellar consignment of 2015 Château Margaux which made HK$922,500/US$117,545 – more than four times the pre-sale high estimate while another consignment of 2012 Château Angélus in all formats from bottle to Melchior made HK$676,500/US$86,200.

A six-bottle collection of The Macallan in Lalique realised HK$3.1m/US$407,489 and a bottle of Glenfiddich Rare Collection Aged 64 Years 1937 went for HK$799,500/US$101,872.

Jamie Ritchie, worldwide head of Sotheby’s Wine said: “We are thrilled to set a new world record for any series of wine auctions. To sell every one of the 1,758 lots in two major single-owner sales as well our various-owner auction is a sign of a buoyant market as well as the confidence placed in the Sotheby’s team by both consignors and buyers.  We are set to build on this success in the year ahead with a second offering from the Perenchio cellar this May in New York, a single-owner sale in London, as well as our new retail website.”

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