Hong Kong wine sales expected to bring $4-6m

paulfrasercollectibles

2015-06-26 11:38:53

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Hong Kong wine sales expected to bring $4-6m

Sotheby's is building on its Eastern auction success, and the web will play a big part...

Sotheby's will offer two incredible American single-owner wine collections for sale in Hong Kong on October 3 and 4.

The auction house hopes to build upon the success of its spring, 2009 two-part single-owner sale for The Classic Cellar from a Great American Collector which took place in New York and Hong Kong.

Sotheby's will offer a third selection from The Classic Cellar from a Great American Collector on October 3 as well as An Exceptional Cellar from a Private American Collector on October 4.

"The charge is led by a phenomenal array of First Growths and their Right Bank siblings, Ptrus and Cheval Blanc, followed by those great Chteaux that are snapping at their heels, wines such as La Mission Haut Brion and Loville Lascases," said Serena Sutcliffe, International Head of Wine at Sotheby's, in a statement.

"It is a privilege to offer this diversity of vintages, some ready to drink and others more suitable for laying down, as well as such a range of bottle sizes, giving everyone wines for every kind of event."

The sale will introduce a combination of online bidding with live video and audio for its Hong Kong wine sales, after the service was met with great enthusiasm from global bidders in July.

The sales are estimated to bring $2.5-3.5m and $1.5-2.5m, respectively - with the two sales combined estimated to bring a total of $4-6m.

"There are real jewels in the crown here, such as 1928, 1959, 1961 and large format 1982s, where all our usual criteria to ensure condition and authenticity come into play," said Ms Sutcliffe.

"At the other end of the time spectrum, there are stunning 2000s and 2005s whose progress can be 'followed' throughout their adult life, which is wine-speak for constant sampling to see how they develop."

Highlights from the 550 lots going under the hammer on October 3 will include:

More than 31 cases of Chteau Ptrus...

Two cases of 1982, $25-35,000 per case Two cases of 1989, $20-30,000 per case.

One case of 1990 in bottles and magnums: 12 bottles, US$20-30,000 Six magnums, $25-35,000.

One case of 1998 in bottles and magnums: 12 bottles, $20-30,000 Six magnums, $25-35,000 Two cases of 2000, US$25,000-35,000 per case.

And more than 36 cases of Chteau Lafite Rothschild...

Four cases of 1982: Three cases of bottles, $20-30,000 per case One case of double magnums, $25-35,000 Two cases of 1986 magnums, $9,500-12,000 per case.

Four cases of 1996: One case of bottles, US$8,500-12,000.

All prices are estimates and shown in US dollars.

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