NEW YORK.- The
Christies Wine & Spirits Department online sale Fine & Rare Wines and Spirits Including Historic Madeira Direct from the Island (10-24 November) totaled $1,859,188 with 97% sold by lot, 100% sold by value, and 128% hammer above low estimate. There was global participation with registered bidders from 19 countries and 27% first-time buyers. Throughout the sale there were 46 world auction records with 37 of those records set for Madeira.
Leading the online auction was a superb selection of over 130 lots of rare Madeira (lots 412-548), the largest offering of its kind ever to be sold in an online auction. Of the 136 lots offered, 100% were sold, and 37 achieved world auction records. The top lot of Madeira was the HM Borges, Pather Terrantez 1720 that sold for $20,000. Additionally, bottles recently found in the old cellar of Henriques & Henriques and rare bottlings from the old Teixeira family stock all performed well with exceptional results. This represented the largest offering of Madeira ever sold at auction exceeding $500,000.
In addition to the treasure trove of Madeira, the sale offered fantastic Pre-Prohibition bottles, including the top lot of the sale, an incredibly rare case of 1903 Mount Vernon Rye that sold for $25,000. The sale was rounded out by an ample offering of Bordeaux led by large format bottles of must-have vintages, such as a double magnum of Petrus 1990 that sold for $21,250; an imperial of Château Lafite-Rothschild 1986 that sold for $9,375; and three Jeroboams of Bollinger, R.D. 1965 that achieved $8,750.
Chris Munro, Head of Department, Americas Fine Wine & Spirits, comments, With Madeira dating back to 1720, this auction represented a rare chance to acquire historic bottles never before seen for sale, and our clients responded with enthusiasm. With perfect provenance direct from some of the Islands most notable families it was truly a unique offering of some of the greatest wines Madeira has to offer. We are delighted with the exceptionally strong results including a significant number of world record prices. This sale demonstrates the continued success of Christies Online platform and its ability to reach the broadest possible global audience.