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Christie’s HK wine sale achieves historical records

Christie’s Hong Kong Spring Auctions ended on a high note with one of the single-owner collections breaking the historic total sales record at HK$131,898,875.

According to the auction house, the sale ‘The Visionary’s Spectacular Cellar’ has achieved the highest ever total for the category and most valuable single-owner wine collection ever sold at Christie’s globally.

The three-day live sales event, held at the Hong Kong Convention and Exhibition Centre, presented 820 lots of the greatest wines from celebrated producers, including: DRC, Bordeaux First Growths, Petrus, Le Pin, Cheval Blanc, Burgundy and Henri Jayer.

Running for 11-hours, the sale saw participants from 11 countries across three continents, with almost 40% of lots sold via Christie’s online bidding platform.

Michelle Chan, head of wine at Christie’s Asia Pacific said: “The historical results for these two magnificent single-owner collections achieved over the past three days, coupled with the phenomenal success of the ‘Iconic Wines from Joseph Lau’ sale last month, underscore the ever-growing vibrancy and significance of Asia in the global wine market. This season, we are very privileged to have convened distinguished wine collectors and enthusiasts worldwide in our Hong Kong saleroom physically and online, who not only recognise the breadth and depth of our vinous offerings but also the expertise and synergy of our specialist teams. We look forward to continuing to present extraordinary wine collections in the future in this new chapter of wine auctions at Christie’s.”

Adam Bilbey, global head of wine and spirits at Christie’s, added: “This spring has undoubtedly been a historic season for Christie’s Wine, as we witnessed unprecedented results realised in Hong Kong this May. With strong bidding and participation across the world, we maintain our strong momentum in the market, establishing a solid foundation for the superb lineup of upcoming auctions later in the next few months both live and online, in our sale sites across the globe – Geneva, London, and Los Angeles. The expertise of our international team in sourcing and offering a diverse range of the rarest and most prized vinous treasures with exceptional provenance, best equips us to continue spearheading the global wine auction market.”

Leading the sale was lot 5407 from ‘The Visionary’s Spectacular Cellar’ – Domaine de la Romanée-Conti, Romanée-Conti 1999, 12 bottles per lot, sold for HK$3,000,000. Mature Bordeaux continued to fetch solid prices, especially large formats, for instances two Château Cheval-Blanc 1947 magnums was sold for HK$600,000 and 12 bottles of Petrus 1970 had realised HK$375,000. White Burgundy remained strong, as shown by three Domaine Leflaive, Montrachet 1996 magnums were hammered at HK$750,000. Rounding out the sale was a diverse selection of Champagne with highlights including 12 bottles of Salon Le Mesnil Blanc de Blancs 1985 sold for HK$175,000.

Followed by ‘The Ultimate Private Collection Featuring The Greatest Burgundies Part II’ sale, which was held on 22-23 May, the sale featured 900 lots of top Burgundies, Bordeaux, and Champagne. The top lot of this sale and of the assortment was 12 bottles of Domaine Leroy, Chambertin 2009, sold for HK$1,062,500. Top Red Burgundy from Henri Jayer, Domaine Armand Rousseau and Domaine Méo-Camuzet saw fierce competition: 12 bottles of Domaine Armand Rousseau, Chambertin 2005 realised HK$687,500, while 12 bottles of Henri Jayer Vosne-Romanée 1993 was sold for HK$812,500.

Part ll of the ‘The Visionary’s Spectacular Cellar’ will be offered in an online auction to be held until 8 June, bringing about 700 lots of fine and rare bottles from both esteemed and up-and-coming names, from DRC, Rousseau, Leroy, to Rossignol Trapet, Domaine de la Vougeraie, and Bruno Clavelier.

Proceeds from ‘The Visionary’s Spectacular Cellar’ sales will be donated to London Business School to support its commitment to deliver an impact on the way the world does business and the way business impacts the world.

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