Acker, Merrall & Condit

wikicollecting

2015-06-26 11:12:22

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Acker, Merrall & Condit

Acker, Merrall & Condit is described by its website as “America’s oldest and finest wine shop”.

The company’s activities include direct wine sales, auctions, education, tastings and wine clubs.

Foundation

Acker was established in 1820, making it America’s oldest fine wine retail shop.

Expertise and services

Acker buys and sells fine wines directly from customers/clients, and has done since its inception.

According to its website, the retail shop has “personalized service, broad selection, excellent quality and fine values”.

Acker began conducting auctions in 1988. Auctions are conducted in New York City, California and Hong Kong, with bidding supporting via the internet as well as from the floor.

 

The company also undertakes wine education programs, a major example being its ‘Wine Workshop’. This comprises tastings, seminars and courses on fine wine, from basic up to expert.

In addition, Acker also runs a ‘Wine Every Month Club’. According to the website, members receive “new, noteworthy wines with hints and recommended recipes”.

The company also caters for collectors in need of storage, providing a secure, temperature-controlled facility. These are available to rent per annum.

Notable sales

In October 2006, Acker broke the world record for the highest-grossing wine sale, posting a figure of $24.7m – surpassing the previous record, set in 1999, by over $10m.

The company broke more records in 2008. Its June Hong Kong sale achieved $8m worth of sales; the top lot was a case of Domaine de la Romanée-Conti, selling for a record-breaking $242,308.

In addition, another record was broken by the sale of a 1982 Château Le Pin, which realised $105,487.

In 2010, Acker posted record yearly figures - $98.5m between all of the company’s global affiliates.

It was announced in March 2011 that the company had recorded over $1m in sales, for the second consecutive month.

In May 2011, a bottle of Veuve Clicquot champagne lost at the bottom of the ocean for almost 200 years has sold for a World Record price of £26,700.

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