Christie’s Hong Kong’s Wine Live Auctions In April Achieved A Combined Sale Total Of HK$107,244,250/ US$13,745,206
Total Hammer Price Achieved 152% of Low Estimate97% Combined Sell-through Rate by LotClose to 60% of Lots Surpassed Pre-Sale High EstimatesICONIC WINES FROM JOSEPH LAU 100% SOLDRealised HK$63,527,500/ US$8,142,148Total Hammer Price Achieved 218% of Low Estimate87% of Lots Sold Above Pre-Sale High Estimates
Finest and Rarest Wines
Totalled HK$43,716,750/ US$5,603,058
96% Sold by Lot
Hong Kong – On 13 April, Christie’s Hong Kong’s Wine Department hosted two live auctions at the Alexandra House saleroom - Iconic Wines From Joseph Lau, and Finest and Rarest Wines, establishing a combined sale total of HK$107,244,250/ US$13,745,206, and a total hammer price of 152% of low estimate.
Sale Highlights - Iconic Wines From Joseph Lau:
- Majority of the lots were sold to buyers from Greater China.
- Intense bidding came through by phone, with 50% of lots sold via this channel.
- Collectors showed strong appetite for the selection of Henri Jayer vintages, achieving a total hammer price of 324% of low estimate, with all lots selling multiple times above their pre-sale low estimates. Notable highlights include:
Sale Highlights - Finest and Rarest Wines:
- Bottles from Domaine Armand Rousseau were 100% sold and achieved a total hammer price of 124% of low estimate, led by lot 169 - Chambertin 1999, 12 bottles per lot, which sold for HK$625,000/ US$80,105.
- Red burgundy from Domaine Leroy all found buyers, and achieved a total hammer price of 123% of low estimate, led by lot 302 - Richebourg 2007, 6 bottles per lot, which sold for HK$475,000/ US$60,879.
- The assortment of Domaine Leflaive was also 100% sold and achieved a total hammer price of 129% of low estimate, led by lot 286 - Montrachet 2008, 2 bottles per lot, which sold for HK$187,500/ US$24,031.
- The selection of Domaine Comte Georges de Vogüé were all sold, led by lot 174 - Musigny Vieilles Vignes 1999, 12 bottles per lot, which sold for HK$162,500/ US$20,827.
