PLUNGING global markets and deepening fears of another world recession failed to dampen Asian buyers’ thirst for vintage wines at Sotheby’s October wine auction in Hong Kong. The two-day event held from 1-2 October put rare Imperials of Chateau Lafite, Latour and Cheval Blanc and Jeroboams of Mouton and Haut Brion under the hammer, as well as a selection of Lafite from the Rothschild’s private cellars. The sale raked in $12.7m (£8.15m) in total.
New York-based Sotheby’s said its first day sale, the eighth part of the long-running Classic Cellar of a Great American Collector, sold all bottles, fetching a total of $3.5m, just under Sotheby’s highest pre-auction estimate of $4m. One of the auction highlights was the sale of 12 bottles of 1990 Chateau Petrus at $43,436.
The second day of the auction raised $9.2m, including The Ultimate Nine from The Bordeaux Winebank Collection, with the auction led by 12 bottles of 1988 Domaine de la Romanée Conti for $116,346.
City A.M. Reporter