Robert Sleigh, Sothebys Head of Wine, Asia, Sothebys
Hong Kong saleroom was filled to capacity today as we completed our eighth consecutive 100%-sold wine auction in Asia in the last 18 months. What was most exciting about this sale was to see the way in which Asian buyers widened the range of wines they pursue as they enthusiastically responded to Burgundy, Rhône, California, Australia and Madeira offered in the Magnificent Cellar of Marcus D. Hiles. Whether building cellars, buying for drinking, entertaining or investing, Asian collectors continue their domination of the worldwide auction market for wine.
Serena Sutcliffe, MW, Sothebys Worldwide Head of Wine, commented, Lovers of Domaine de la Romanée-Conti produced all the fireworks in todays sale as the largest and most important collection of this classic, blue-chip Burgundy ever sold in Asia came to the auction block. Spoilt for choice, collectors vied to compete with one another for fabulous vintages such as 1999, 2002 and 2005, with the result that Domaine de la Romanée-Conti, which accounted for only 20% of the volume, achieved 40% of the value of todays total.
Highlights of the Sale:
Lot 3540 Romanée Conti 2005 Domaine de la Romanée-Conti (12 bts)
Price : HK$1,815,000 / US$232,692 (Estimate: HK$800,000-1,200,000)
Lot 3532 Romanée Conti 2002 Domaine de la Romanée-Conti (12 bts)
Price : HK$1,089,000 / US$139,615 (Estimate : HK$380,000-540,000)
Lot 3505 La Tâche 1999 Domaine de la Romanée-Conti (12 bts)
Price : HK$459,800 / US$58,949 (Estimate : HK$170,000-300,000)
Lot 3522 La Tâche 2005 Domaine de la Romanée-Conti (12 bts)
Price : HK$435,600 / US$55,846 (Estimate : HK$190,000-280,000)