Acker wine auction brings almost HK$38 million in Hong Kong

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wikicollecting

2015-06-26 11:26:03

Acker Merrall & Condit have concluded 2014 with another blockbuster sale in Hong Kong.

The company cemented its place as Asia's #1 fine wine auction house for the seventh year in a row, with a result of HK$38 million (US$ 4.9 million).

Leading the sale was a thirty case 'superlot' of Mouton Rothschild from 1982-2011, which soared above its estimate to realize a final price of HK$1,778,400 (US$229,470). This was followed by an OWC of 1988 Romanee-Conti which sold for HK$1,284,400 (US$165,729), and an OWC of 1990 La Tache which brought HK$395,200 (US$50,993).

“The two Top Lots of the sale proved once more that when it comes to the most significant lots in the world, there is no place like Hong Kong,” said Acker Merrall & Condit’s CEO, John Kapon.

“The average sold lot value was nearly US$7,000! To achieve US$5 million in sales in basically 700 lots shows that the most discerning collectors continue to choose Acker Merrall for their most important wines."

According to Acker, recent trends have seen DRC replace Lafite Rothschild as "the brand of choice when it comes to the most serious connoisseurs in China". Results in Hong Kong backed up this assertion, with 17 of the top 25 prices achieved by DRC wines. There were also notable prices achieved by OWCs of 1989 and 2000 Petrus, 1959 and 1961 Latour, and 1982 Lafite.

"We look forward to setting the bar very high again in January and continuing to set the pace for the rest of the industry," added Kapon. "Just wait till you see what we have in our first 2015 Hong Kong auction on January 31! A legendary collector and name is all I can say for the moment.”

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