Sotheby's Sets Global Record with Wine Sales Series | BLOUIN ARTINFO
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Sotheby's Sets Global Record with Wine Sales Series

Sotheby's Sets Global Record with Wine Sales Series
Sotheby's Sets Global Record With Wine Sales Series
(Image via Crossroadstoday.com)

Sotheby's sets a world record for any given wine sales series with their two-day series of auctions in Hong Kong bringing a combined total of HK$228,300,300 / US$29,090025. The sale comprised of 1,758 lots, the Philanthropist's Cellar, the Cellar from the Estate of Jerry Perenchio, and Finest & Rarest Wines, recording 100% sales. 

The Philanthropist's Cellar total was HK$127.2 Million / US$16.2 Million. This also set a record for a Single-Owner Wine Sale at Sotheby's in Asia with the proceedings being donated to charity. The Cellar from the Estate of Jerry Perenchio sold for HK$52.8 Million / US$6.7 Million and Finest & Rarest Wines totaled at HK$48.3 Million / US$6.1 Million, noted Crossroadstoday.

Kevin Ching, CEO of Sotheby's Asia, said: "Wine collectors are often active in many other categories we offer, and so their confidence is an encouraging indicator for the week ahead.” Jamie Ritchie, Worldwide Head of Sotheby's Wine also commented that they were thrilled to set a new world record for any series of wine auctions. "To sell every one of the 1,758 lots in two major single-owner sales as well as our various-owner auction is a sign of a buoyant market as well as the confidence placed in the Sotheby's team by both consignors and buyers,” he added. Sotheby's Wine is set to build on this success in the year ahead with a second offering from the Perenchio cellar this May in New York, a single-owner sale in London, as well as their new retail website.
 

 

 

Founder Louise Blouin: http://www.blouinartinfo.com/artists/louise-blouin--2953510