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28 May 2016

Lee Bingle

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RESULTS: Spring Wine Auction Results at Christie's Hong Kong

Hong Kong APAC 28 May 2016

Spring Wine Auction Results at Christie’s Hong Kong

A Season of Exceptional Provenance and Renowned Collections

Hong Kong – Opening Hong Kong’s 30th Anniversary sale season, Finest and Rarest Wines: Direct from Great Estates realised HK$7,885,080/US$1,020,193, with 95% sold by lot and 94% sold by value. The top lot for the sale was a magnum of Domaine de La Romanée-Conti Romanée-Conti 2005, which realised HK$343,000/US$44,378. Following this was the sale of Fine and Rare Wines Including a Private Collection of Sine Qua Non, realising HK$27,862,258/US$3,604,897, with 92% sold by lot and 95% sold by value. One of the top lots of the sale was 12 bottles of Henri Jayer, Vosne-Romanée Cros Parantoux 2001, which realised HK$612,500/US$79,247 (illustrated top left). A further highlight was the sale of Château Lafite-Rothschild 1982, 12 bottles of Bordeaux in pristine original wooden cases, which realised HK$428,750/US$55,473, alongside bottles of Latour and Petrus which exceeded their high estimates (illustrated above middle and right). Christie’s Hong Kong combined Spring Wine auctions realised a total of HK$35,747,338/US$4,625,090.

Simon Tam, Head of Wine, Asia commented “In a market full of choices, the first consideration is provenance, which has always been the philosophy of the Christie’s Wine department. This season we have been able to offer wines directly from 84 producers through the Great Estates sale, as well as a single owner collection of Californian Sine Qua Non cult wine. A resurgence in sales of top quality Bordeaux shows an ever-increasing trend in the market, reinforcing the concept of strong provenance. Highlight Bordeaux lots that far exceeded their high estimate were Latour, Lafite, Margaux and Petrus. In our 30th anniversary year in Asia, we continue to offer some of the most important collections from around the world, as well as represent great wine producers at auction.”

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* Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue. *Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium.