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Sotheby’s Says Hong Kong Spring Wine Auction May Fetch $10 Million

1982 Chateau Lafite Rothschild
1982 Chateau Lafite Rothschild

According to auctioneer Sotheby’s, a sale of fine wines in Hong Kong in April will fetch up to a record $10 million! In the wake of the success that the bottles of luxury are having in this part of the world, Sotheby’s expects a profit higher than for  auction held in January in Hong Kong , where the wine collection of Andrew Lloyd Webber has been sold  for $5.6 million.

The sale of almost 11.000 bottles of French wine on April 2 and 3 from a single, anonymous collector, will be the highest-value wine auction ever held at Sotheby’s Hong Kong, a spokesman said. The auction includes a Chateau Lafite 1982 expected to fetch up to $65,000 a case and a case of Romanee-Conti 1990 predicted to go under the hammer for as much as $240,000.

More than 60 per cent of the world’s premier wines are now bought by Asian collectors at Hong Kong auctions. Experts believe Hong Kong residents own nearly a fifth of the world’s rare and fine wines. [Sotheby’s]

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Written by Slamchica

Aleksandra Arsenovic graduated with a degree in economics and has a master degree in tourism. Since she worked as a travel agent, she has traveled around the world and developed an interest in luxurious hotels and exotic destinations. As a big fashion fan, Aleksandra loves expensive and luxury fashion items. As an editor of Extravaganzi she shares her knowledge about travels, fashion and accessories.

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