Christie’s 36-Hour Wine Sale Yields $11 million

By P. Joseph

A 36-hour marathon wine sale, held by auction house Christie’s, came to an end last Sunday, with total sales exceeding $11 million.

The top lot at the auction, which took place in seperate sales in Hong Kong and New York, was a Chateau Latour 1945 which was sold for $72,000.

A total of 1,023 lots and more than 800 fine wines were part of the prestigious wine auction. The collections for sale included some of the world’s finest and exotic wines, including some produced in Africa.

Speaking at the event, Robin Kelley O'Connor, Head of Wine for Christie's Americas, said: "What a wonderful way to kick off the spring wine auction season here in New York.

"We saw very strong sell-through rates in the New York portion of this weekend's 36-hour wine sale marathon, with much cross-over bidding between our New York and Hong Kong sale clients.

"As expected, the market remains particularly buoyant for blue-chip Bordeaux and Burgundy. '82 Lafite was strong as always, but it was '61s that reigned supreme, with sold cases of Lafite, La Mission Haut-Brion, Latour and Haut Brion selling for high prices."

Christie’s will hold another sale of fine and rare wines on May 14 in New York.

By P. Joseph