THE VISIONARY’S SPECTACULAR CELLARLIVE AND ONLINE AUCTIONS ACHIEVED A HISTORIC TOTALEXCEEDING HK$153 MILLION / US$19.6 MILLION
Highest Ever Total for the Category and
Most Valuable Single-Owner Wine Collection Ever Sold at Christie’s Globally
Second Highest Total for a Single-Owner Wine Collection Ever Sold in Asia
97% Sold by Lot | 40% of Lots Surpassed Pre-Sale High Estimates
Sale Proceeds to Further the Impact of London Business School
Hong Kong – Christie’s is proud to announce that The Visionary’s Spectacular Cellar live and online auctions achieved a historic combined total of HK$153,490,625/ US$19,649,286 (the live auction was 100% sold and realised HK$131,898,875/ US$16,884,784; the online sale fetched HK$21,591,750/ US$2,764,502), the highest ever total for the category, the most valuable single-owner wine collection ever sold at Christie’s globally; and the second highest total for a single-owner wine collection ever sold in Asia. The sales attracted global participation from 12 countries across 4 continents, with 40% of lots sold above their pre-sale high estimates. Proceeds of these two sales will be donated to London Business School to support its commitment to deliver an impact on the way the world does business and the way business impacts the world.
Results Highlights of the Live Auction can be found here.
Results Highlights of the Online Auction:
The sale achieved a 94% sell-through rate by lot with 1/3 of the lots sold above their pre-sale high estimates.
London Business School:
Martin Fewell (Chief Communications Officer) | mfewell@london.edu
About London Business School:
London Business School's vision is to have a profound impact on the way the world does business and the way business impacts the world. The School is consistently ranked among the best business schools globally* and is widely acknowledged as a centre for outstanding research.
As well as its highly ranked degree programmes, the School offers leading Executive Education programmes to business leaders from around the world.
London Business School has campuses in London and Dubai, and a presence in global business hubs like New York and Shanghai. The School equips its diverse student body with the tools needed to tackle today’s business challenges and connects them with many of the world’s leading thinkers.
The School has more than 47,000 alumni working in over 156 countries. Together, they are a community defined by a wealth of knowledge, business experience and worldwide networking opportunities.
London Business School’s boasts more than 160 core faculty members representing more than 30 countries. They cover seven subject areas: accounting, economics, finance, management science and operations, marketing, organisational behaviour, and strategy and entrepreneurship.
*The Financial Times (FT) named London Business School the top European business school for the eighth consecutive year in 2021.
About François Ortalo-Magné, Dean of London Business School
PhD (Minnesota)
François Ortalo-Magné is the ninth Dean of London Business School, a position he has held since August 2017. He is leading a strategy focused on academic research and its impact, learning innovations and alumni engagement and inclusion, striving for gender parity and greater socio-economic and ethnic diversity. Since taking up the role, Ortalo-Magné has led the relaunch of the LBS brand, the growth of degree programmes and a significant increase in philanthropic support for scholarships.
Dean Ortalo-Magné serves on the International Advisory Board of British American Business and on the Board of Directors and Innovation Committee of AACSB. His research on the economics of land and housing markets has been published in leading academic journals. He has built on his research and leadership experiences to advise a broad range of private, governmental and multilateral organisations and share his insights in leading media outlets and at conferences around the world.
Prior to his appointment, Ortalo-Magné was the Albert O. Nicholas Dean and Robert E. Wangard Professor of Real Estate at the Wisconsin School of Business. His first academic appointment was at the London School of Economics.
