Sotheby's NY wine season off to strong start with $5 million sale

TotalPlonker

TotalPlonker

2016-09-13 15:35:41

Sotheby's produced a strong opening to the New York wine season this week, achieving almost $5 million in sales across a two-day auction.

The sale realized $4,940,180, and included wines from the cellar of the renowned American collector John Brincko, which together totalled $1.3 million.

Notable highlights from the weekend included 10 bottles of 1985 Montrachet, Domaine de la Romanée-Conti, which sold for $46,550; 12 bottles of 1985 Clos de la Roche, Cuvée Vieilles Vignes, Domaine Ponso, which fetched $42,875; 12 bottles of 2000 Richebourg, Domaine Leroy, which sold for $24,500; and 1 Jeroboam of 1971 DRC La Tâche which sold for $31,850.

"We were delighted to start the season in New York with a blockbuster $5 million weekend." said Jamie Ritchie, SVP, Worldwide Head of Sotheby's Wine, who had described the sale as "one of the strongest season-openers we have ever held".

"Global appetite for mature Bordeaux, Burgundy, and Rhone in enticing quantities remains robust. The next sale in New York on October 19, dedicated to wines with the finest provenance, coming direct from the cellars of Château La Mission Haut-Brion, promises a confirmation of that trend."

Away from wine, one of the sale's star lots was a unique crystal magnum decanter of special Louis XIII Cognac, known as L’odyssée D’un Roi.

The decanter is one of three different examples produced in collaboration with French luxury houses Hermès, Puiforcat and Saint-Louis, to raise funds for The Film Foundation – a historic film preservation society founded by director Martin Scorsese.

The first decanter of the trio, engraved with a map of the Americas, sold for $134,750, setting a world record for LOUIS XIII Cognac at auction.

"We are very happy with the result of the first auction of L'ODYSSÉE D'UN ROI in New York and look forward to the next sales in Hong Kong and London," commented Ludovic du Plessis, Global Executive Director LOUIS XIII Cognac. "It is a great source of pride for us all to partner with Martin Scorsese and The Film Foundation to preserve cinematic heritage for the future."

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