Acker Merrall & Condit Conclude Record Year in Asia

By Paul Joseph

Acker Merrall & Condit, America's oldest fine wine merchant, concluded another record year in Asia with its 30th sale in Hong Kong last week.

Taking place at the Grand Hyatt hotel, over 800 lots of some of the world’s most sought after wines realised a total of $5,308,050, with the top lot – a superlot of 150 magnums of 2008 Latour in owc – fetching $151,385.

John Kapon, CEO of Acker Merrall & Condit, said: “Over 1100 World Records were set in 2013 despite some early headwinds for the fine and rare wine market overall. While total volume is down across the industry, we have seen some renewed energy this Fall in all segments, and collectors are actively looking to buy again.

“The global wine market is ending up on a healthy note and solid footing in 2013, and we look forward to its official conclusion Friday in New York. We also expect a fast and furious start to 2014, as we already have scheduled our first auction of the year in Asia on 17-18 January.

“This will be a spectacular auction fit to welcome The Year of the Horse, highlighted by one of the world’s greatest collections of Burgundy and an amazing selection from ‘The Executive Cellar,’ another of the world’s finest collections.

“We are delighted that the world’s greatest collectors continue to choose Acker Merrall to represent them.”

Also from the same collection at the Kong Kong sale were 15 double magnums of 2008 Latour which yielded $29,962.

Founded in 1820, Acker Merrall & Condit is America’s oldest fine wine merchant and the world’s largest wine auction house. With affiliates in New York, Chicago and Hong Kong, the companies hold more than fifteen auctions a year, including Internet auctions

By Paul Joseph