Sotheby's predicts $10m World Record total for next HK wine sale

paulfrasercollectibles

2015-06-26 12:19:11

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Sotheby's predicts $10m World Record total for next HK wine sale

Hong Kong collectors have bought up 60% of the world's best wines, promising further auction success

Almost 11,000 bottles of French wine are expected to comprise the highest-value wine auction ever held at Sotheby's on April 2 and 3.

Total sales could reach a World Record $10m in Hong Kong, further reflecting Asia's wine collecting boom. Even more impressive is that $10m wine stash has been consigned from the cellar of a single, anonymous collector.

Many of the usual high-end suspects will appear in the sale, including a Chateau Lafite 1982 which is expected to bring up to $65,000.

Also starring is a case of Romanee-Conti 1990, expected to sell foras much as $240,000.

As we've previously reported, Hong Kong has emerged as the world centre for wine auctions, outperforming both London and New York. According to recent figures, more than 60% of the world's top wines are being bought by Hong Kong collectors.

Previous blockbuster sales in the region include a $5.6m auction of wine owned by composer Andrew Lloyd Webber - $1.5m over estimate.

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