Wines from Don Stott's cellar top $5 million at Sotheby's
The second sale of wines from the celebrated Don Stott collection has realized more than $5 million at Sotheby's.
The second offering of wines from Stott's esteemed cellar crossed the block in New York during a two-day sale which totalled $5,176,483.
The first sale in May had previously achieved $8,412,626, bringing the final total to $13,598,109 - the second highest ever achieved for a wine collection at Sotheby’s New York.
Numerous lots soared above their estimates as bids flew in from all four corners of the globe, with 97% of all lots snapped up by eager collectors.
"Bidders in our saleroom, together with those participating on the telephone and online from all over the world, pushed prices to record levels, all in an effort to secure their own piece of The Don Stott Cellar," said Duncan Sterling, VP, Senior International Specialist of Sotheby's Wine. "Clients chased the rarest Burgundy, Rhône, and Italian wines, all collected by Don who had an eye for purchasing the best wines from the greatest producers."
Leading the sale were seven bottles of Ermitage, Cuvée Cathelin 1990 Jean-Louis Chave, valued at $20,000-$30,000, which realized a final price of $58,000.
Further highlights included 5 Magnums of 1970 Barolo Riserva, Monfortino, Giacomo Conterno which doubled their estimate to sell for $39,200; 2 Magnums of 1988 Bonnes Mares, Vielles Vignes, Domaine Georges Roumier which sold for $39,200 against an estimate of $14,000-$18,000; and 4 Bottles of 1971 Musigny, Domaine Georges Roumier which realized $39,200.
“I am thrilled with the results from both Parts I and II of the sale of my cellar which exceeded my best expectations," said Stott. "It has been a personal pleasure to work with the Sotheby’s Wine team – they made the whole process both enjoyable and rewarding and I value their friendship, help and advice."
The results took Sotheby's New York wine sales in 2015 to an annual total of $26 million, the third highest ever achieved in the company's history.
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