Wine auction is a â€˜gratifying successâ€™
Wine auction is a gratifying success
Dozens of lots far exceed estimates following global interest
Edward Roberts International's 8th November auction has been described by the auction house as a 'gratifying success'.
Ninety percent of offered lots were sold and robust prices were realised for great growth Bordeaux as well as for mature Port, Madeira and rare Spirits.
Vintages of Chateau Lafite-Rothschild were particularly well subscribed with every offered lot selling well above the high estimates.
Bidders participated from throughout the United States and Canada as well as Denmark, Germany, Hong Kong, Korea, Japan, Argentina and Israel.
Once again the resultshighlight the global interest in lucrative alternative investments especially in China where the wine market is booming.
Sale highlights included a 1959 Chateau Lafite- Rothschild jeroboam estimated at $11,000-14,000 that sold for $19,635, and 12 bottles of 1975 Chateau Lafite-Rothschild estimated at $1,100-1,500 which sold for $4,046.
Edward Roberts International's upcoming December 13 wine auction features some especially enticing rarities.
1961 & 1962 Chateau Petrus
Included are offerings of Domaine de la Romanee-Conti Burgundies such as 1941 Grands-Echezeaux, a jeroboam of 1971 La Tache, 1985 Romanee-Conti and magnums of La Tache and Richebourg; 1990 La Tache, and a complete 2006 vintage horizontal of all eight DRC vineyards.
Revered Bordeaux will include 1961, 1962, 1964, 1966, 1986 and 1994 Chateau Petrus; 1970 Chateau Latour en magnum, and double magnums of 1982 Chateau Lafite-Rothschild.