Sotheby's Autumn Sales break records in Hong Kong
Fine wines stole the show at Sotheby’s autumn auction in Hong Kong with a combined US$7.9 million in sales achieved over the weekend.
The wines originated from two private cellars of American collectors appropriately titled The Classic Cellar, and An Exceptional Cellar.
The debut use of online bidding in Hong Kong proved a successful addition to the Sotheby’s event with web-savvy bidders competing for approximately 56 percent of the lots on offer during the two day sale.
More than 79 percent of the lots on show fetched well-above their pre-auction estimates which resulted in what was almost complete success for Asian buyers who accounted for 99 percent of all lot winners.
Amongst the sales was the world-record breaking auction of an imperial six-litre Château Pétrus 1982 which was won at a price of US$93,000.
A lot including 12 Romanée Conti 1995 Domaine de la Romanée-Conti also went for US$93,000.
Other items auctioned during the Autumn Sale included modern Chinese ink paintings, private watch collections and a Chinese works of art collection from the Qianlong period.
This was Sotheby’s first year selling wine in Asia.
"Amongst the sales was the world-record breaking auction of an imperial six-litre Château Pétrus 1982 which was won at a price of US$93,000."