By Jim Boyce
Given the number of billionaire wine aficionados who read this blog, I feel a post on the Hong Kong auction scene is long overdue. Two recent sales show Burgundy’s Domaine de la RomanÃ©e Conti to increasingly be the new darling while traditional sweetheart Chateau Lafite still performs well, particularly when it came to large-format bottles.
From Spectrum, which reports that its two-day auction — held October 1 and 2 — pulled in nearly USD6 million.
The star of the two-day auction was rare Burgundy, with Domaine de la RomanÃ©e-Conti leading in the auction’s top lot sales. A total of 80 lots of Domaine de la RomanÃ©e-Conti estimated at US$830,000 (HK$6,461,467) sold for US$1,084,821 (HK$8,445,223). A lot consisting of three magnums of 1985 Domaine de la RomanÃ©e-Conti RomanÃ©e Conti, sold for US$89,625 (HK$698,000) against a pre-sale estimate of US$50,000 (HK$390,000).
Meanwhile, at the same sale, 12 bottles of 1961 ChÃ¢teau Mouton Rothschild went for a mere US$32,863 / HK$256,000.
And from Sotheby’s Wine, which reports that its two-day auction — held October 1 and 2 — raised USD13 million:
Serena Sutcliffe, M.W., International Head of Sothebyâ€™s Wine, said: â€œSothebyâ€™s Wine Departmentâ€™s philosophy of selling great collections has proved to be a strong attraction for wine lovers worldwide, and Asians particularly appreciate the care taken in sourcing wines of impeccable origin and condition. Classic examples today were the top-flight chÃ¢teaux from The Bordeaux Winebank Collection and the Lafite direct-from-the-cellars sold by family members, both inspiring complete client confidence. Wines from Domaine de la RomanÃ©e Conti continue on their upward trend as connoisseurs recognise their rarity and unique quality.â€
The top price? A case of 12 bottles of 1988 RomanÃ©e Conti went for USD116,346 (HKD907,500). For those of us living in Beijing, that works out to just over rmb80 per millilitre…
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