Bloomsbury Auctions nets $1.35m in first wine auction
- Friday 26 June 2009
Known primarily for selling books, prints, magazines and other literary works, Bloomsbury has entered the secondary market for wine with money-back guarantees for authenticity and quality, the mechanics of which are being handled by New York-based fine wine merchant Sokolin.
It is also undercutting other wine salesrooms with a 17% buyer’s premium.
The sale attracted buyers from North America, Europe and Asia; over half of the bids were placed online.
While the overall sell-through rate was just 67%, the top seller – a 1982 Lafite Rothschild sixpack in its original wooden case - fetched $26,290 (including buyer's premium), far exceeding the high estimate of $19,200.
Best sellers by lot were Bordeaux and Champagne - the latter by value as well.
Other top earners included 12 bottles of 1995 Petrus, which went for $13,145 and 12 bottles of 2003 Ausone, bought for $12,870.
Bloomsbury’s next wine auction is scheduled for October.