Château Pétrus tops Sotheby's London wine sale
The most recent Sotheby's auction of fine and rare wines saw impressive results for Château Pétrus.
With almost 600 lots crossing the block, and bidders from around the world in competition, the sale realized a total of £625,182 ($975,284) with sell-through rates of 71.5% by lot and 87.4% by value.
Leading the auction were several lots of Pétrus, all of which were snapped up by private European collectors. The highest price of the sale went to eight bottles of Pétrus 1989 which sold for £18,800 ($29,328), followed by seven bottles of the 1990 vintage which fetched £17,038 ($26,579.
There were also strong results for six bottles of Pétrus 1998 which sold for £11,515 ($17,963), and three bottles from 2000 which exceeded expectations to achieve £10,810 ($16,864).
Further notable sales included a case of Italian Brunello di Montalcino Riserva, Casse Basse 1990 Soldera which more than doubled the low estimate of £3,000, selling for £7,285; and Grand Cru White Burgundy also proved popular, with three bottles of Ramonet’s Montrachet 1992 sold for £6,462 against a high estimate of £3,600.
“There were strong prices for Bordeaux, especially for great vintages, such as the 2000, where Pétrus soared over the high estimate," said Stephen Mould, European Head of Sotheby’s Wine Department. "Other vintages from this jewel from Pomerol were also in strong demand, with fierce competition for these lots.
"Buyers from Europe and Asia vied with buyers from the USA, along with a greater number of online bidders compared to recent sales. We look forward to our next London auction on 16 September, a Single Owner collection entitled ‘A Great Bordeaux Cellar’.”
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