Doom & gloom at Hong Kong auction, whilst the Big Apple has a brighter weekend
Whilst it may have been doom and gloom in Hong Kong, things definitely looked rosier in the Big Apple.
Acker Merrall & Condit managed to sell 97.5% of the lots on offer and raise US$3.75m in their New York sale held on the 23rd April.
The top ten lots were dominated by Domaine de la Romanée Conti and Château Lafite. The first prize went to a Magnum of DRC Romanée Conti which sold for $34,440 and Château Lafite made an entrance onto the list with a 12 bottle case of the 2000 selling for $22,140.
Following on from the top ten wines the next fifteen places were dominated by Bordeaux and the only showing from the US in the top twenty five was the Californian cult wine Screaming Eagle - Vinalytics Comment
Young Wine Fails to Sell
The auction, held Saturday in Hong Kong, was only 74% sold, reflecting the choppy market for the world’s most coveted wines. Earlier in the month, Sotheby’s sold all of its wines at another Hong Kong event.
Christie’s results contrast with last year’s record-breaking sellout events, but these days, the market is fickle.
On Saturday, Château Lafite Rothschild and Château Latour wines went unsold, though Bordeaux wines in rare, large-format bottles, as well as several Burgundy bottles, remained sought-after items.....
