Château Haut-Brion fine wine sale at Christie's Hong Kong auction nets HK$1.2m

paulfrasercollectibles

2015-06-26 12:39:25

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Chteau Haut-Brion fine wine sale at Christie's Hong Kong auction nets HK$1.2m

A lot containing 14 bottles of Chteau Haut-Brion fine wine starred at Christie's Hong Kong auction

A single lot containing 14 bottles of highly-collectible Chteau Haut-Brion fine wine, sold with a bespoke console by the London-based furniture maker David Linley, has brought HK$1.2m ($153,984) in a Christie's Hong Kong auction.

The sale, at Christie's International fine wine event last night (November 28), marks another success for the auctioneer in Hong Kong. The lot sold for comfortably beyond its HK$1m low presale estimate.

The same auction also featured another lot containing a Linley console and 14 more bottles of Haut-Brion white wine. It sold for HK$1.1m - again beyond its HK$1m lower estimate.

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Chteau Haut-Brion fine wines,similar to those pictured abovewere the stars of Christie's sale

Whereas keen adrenaline-fuelled bidding can - and previously has - pushed the values of collectibles up to astronomical prices in recent times, the relatively reserved atmosphere in Christie's saleroom gave collectors a chance to find some fine wine bargains.

"The bidding wasn't as keen as I expected, so I got lucky," Paul Dunn, a Hong Kong-based collector who bought both Haut-Brion top lots, told Bloomberg.

"Plus Haut-Brion generously donated the [auction] proceeds to the Children's Medical Fund which added a whole lot of meaning to the lots. So I decided to go for it."

Demand for Bergundy remains strong in Hong Kong. Overall, Christie's three-day wine sale raised HK$64.7m compared with a presale low estimate of HK$60m.

In demonstration of the versatility of Chinese collectibles, Christie's six-day sale also offered rare jewellery, wristwatches and ceramics alongside its fine wines. Each of these categories raised around HK$2.6bn ($334m).

Third in Christie's November 28 fine wine sale was a case containing 12 bottles of Romanee-Conti Domaine de la Romanee Conti 1985. It sold for HK$1.2m, almost scraping its presale high estimate of HK$1.3m.

In the end, seven of the auction's Top 10 wines were Romanee Conti.

Yesterday in Hong Kong also saw - as we reported yesterday - a new World Record HK$25.3m sale price for an 18th-century Qianlong-era Chinese snuff bottle.

That sale was held by Bonhams, and isanother example of the continuing health in Hong Kong's collectibles markets.

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