Château Margaux wine sale earns white gloves at Sotheby's
A sale of wine direct from the cellars of Château Margaux has exceeded all expectations at Sotheby's.
Every single one of the 238 lots found a buyer, earning the auctioneer the famous 'white gloves', with 99% of all lots achieving figures above their high estimates. In total the auction realized $2,793,946, doubling its top estimate, with numerous lots selling for many multiples of their estimates.
"A ‘White Glove’ sale is an extraordinary result for this unique auction of wines direct from Château Margaux," said Serena Sutcliffe MW, Honorary Chairman, Sotheby’s Wine. "Having known the Mentzelopoulos family for decades, I was thrilled to offer their wines in this one-off sale and am delighted that they were so rapturously received."
The wines on offer spanned almost the entire history of the historic First Growth, from 1900 to 2010, with a focus on those produced during the 'Mentzelopoulos Era' of the past 37 years.
Notable lots included a Balthazar of Château Margaux 2009 which topped the auction at $98,000; a bottle Of Château Margaux 1900 which realized $61,250, six times its estimate; a 35 bottle 'vertical' which sold for $67,375; and six magnums of Château Margaux 2000 which achieved $42,875.
"I am very moved. The results are beyond any expectations, thanks to the dedicated and professional work of the Sotheby's and Château Margaux teams," commented Corinne Mentzelopoulos, Owner, Château Margaux.
"This is a once in a lifetime auction and I find it a very emotional tribute to my father and to the centuries old history of Château Margaux. I am especially grateful to all the wine collectors around the world for their support and enthusiasm for the wines of Château Margaux. It is very rewarding for all of us."
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