Wine investment: Classics shine at HK sale but Bordeaux market still sluggish
Steps in the right direction amid a listless marketplace...
Steps in the right direction amid a listless marketplace...
All lots find buyers as total sales beat estimates...
South Africa's premier wine sale…
Sales fall but still total second highest on record...
Lafite 1875 is amongst the line-up....
Famous Paris restaurant sells rare bottles...
Shipwrecked Champagne and Lafite-Rothschild 1895 also on the list...
Burgundy estate DRC topped the annual Sotheby’s Wine Ranking for the third year in a row...
The total is the third highest at the 20-year-old event...
Asian buyers have continued to snap up top rated mature Burgundy in a succession of recent Hong Kong auctions, but sales also suggest collectors are searching for a greater diversity of wines.
Some of the world’s biggest auction houses are going head-to-head in Hong Kong with a series of fine and rare wine sales.
Burgundy was the star of Sotheby’s most lucrative New York wine auction in 15 years, with receipts totalling over 8.4m USD – some 22% above the sale’s high estimate.
Pinot Noir from the 2014 vintage led the line in the inaugural Sonoma Barrel Auction, with a collaboration between Williams Selyem, Joseph Swan and Kosta Brown taking joint top lot.
The Premiere Napa Valley auction has set a new sales record of $6m, thanks to fierce bidding for Cabernet Sauvignon wines from California's 2013 vintage.
Strong bidding during the AfrAsia Bank Cape Wine Auction in South Africa saw total sales rise by 50% on the previous year, with Vrede en Lust, Saxenburg and Paul Cluver wines among the top lots.
Chateau Mouton Rothschild's first ex-chateau wine auction in Asia fetched a total of US$4.1m, more than double its pre-sale estimate, when it concluded this weekend at Sotheby's Hong Kong Gallery.
A cache of Krug Champagne and the lure of a private blending session with international consultant Michel Rolland helped the annual Naples Winter Wine Festival auction to raise $12m.
Burgundy’s Hospices de Beaune auction has seen sales top €8m, a record total for the third year in a row, but negociants warned the result was 'troubling' for the market.
The Hospices de Beaune is the world's oldest charity wine sale. It takes place annually in Beaune in Burgundy and has been hosted by Christie's auction house since 2005.
Each year different wines or 'cuvées' are entered into the auction all named after the benefactors who gave their vineyards to the Hospices de Beaune.
The wines will be offered 'en primeur' in barrels, or 'pièces' from that year's harvest and then tended by a négociant-éleveur before being bottled, one or two years after the sale, in the buyers choice of format. A barrel amounts to approximately 288 bottles or 24 cases of 12 bottles.
The auction takes place every year in November, with the 2014 auction number 154 in the history of Hospices de Beaune.