A weekend sale of rare French wine in Hong Kong set 145 world auction records and confirmed China as a leading wine market. The two-day auction at the Grand Hyatt Hong Kong netted $14,5 million, making it the year’s biggest and most expensive wine auction. The auction by US house Acker Merrall & Condit featured the Don Stott Collection, one of the world’s foremost collectors of Burgundy.
Highly competitive bidding was witnessed throughout this two-day landmark auction, which reflected the escalating demand and passion for fine Burgundy wines in the global market, Acker Merrall & Condit said in a statement.
With 98 percent of the stuff sold, the auction featured at least 959 lots of the world’s finest and rarest wines and champagnes. The auctioneers said 145 world auction records were set, including 23 for Georges Roumier, 22 for Domaine Dujac, 17 for Domaine de la Romanee Conti and 13 for Louis Jadot.
The star lot from the Domaine de la Romanee Conti collection was a case of 1990 DRC La Tache which sold for a staggering $69,070, they said. A case of 1985 La Tache fetched $50,230. A Hong Kong collector Paul Dunn bought the most expensive lot for $94,300 at the auction that consists of 12 bottles of a 1990 Vosne Romanee Cros Parantoux Henri Jayer.
The auction had wines by Bordeaux’s First Growths, case of 1982 Chateau Petrus that was sold for $68,820 along with 6 magnums of the 2000 Petrus that fetched around $56,308. Apart from Petrus, Lafite Rothschild also went under hammer. Two cases of 1982 Chateau Lafite fetched $2.2million.
The auction also sold 33 lots of rare Champagne from the House of Salon. A bottle of 1955 Salon fetched $5,944 which has set a record as it is the first Salon bottle that has fetched this hefty amount for a single bottle.