Sotheby’s broke the world auction record for the most expensive wine lot when it sold the Romanée-Conti Superlot for HK$12,556,250 / US$1,609,776. The price achieved per bottle of the 114-bottle Superlot was HK$110,143 / US$14,121, which equals HK$13,768 / US$1,700 per glass for 912 glasses.
On the first day of Sotheby’s Hong Kong Autumn Sales Series 2014, the wine sale Finest & Rarest Wines Including Henri Jayer Magnums from the Exceptional Cellar of James H. Clark & The Romanée Conti Superlot fetched HK$45.7 million / US$5.9 million (total estimate HK$35 – 53 million / US$4.5 – 6.8 million). 96% of lots sold with 50% of lots selling over their high estimate. The sale saw strong demand for benchmark burgundies among Asian buyers.
The sale will be held on 4 October (Saturday) at Hall 3, Hong Kong Convention and Exhibition Centre. A total of 778 lots will be offered in a single day, estimated at HK$35 – 53 Million / US$4.5 – 6.7 Million.
This highly-focused wine sale will feature a wealth of top-notch Burgundies, led by an historic Henri Jayer collection and the Romanée-Conti Superlot. Given their small productions, Burgundies have been in ever-growing demand globally. The Burgundy lots make up over 40% of the total number of lots available in this sale and account for approximately 70% of the value, making the sale a noteworthy occasion for Burgundy lovers in Asia and beyond.
The auction starts with a magnificent selection of Henri Jayer magnums from the exceptional cellar of James H. Clark, founder of Netscape Communications Corporation. This collection of 66 magnums in 19 lots is estimated at HK$5.9 – 8.8 million / US$750,000 – 1.12 million. Of the 66 magnums offered, 19 are the extremely rare Vosne-Romanée, Cros Parantoux 1990.
The second feature of this auction is the 114-bottle Romanée-Conti Superlot of 19 consecutive vintages (6 bottles per vintage from 1992 to 2010) estimated at HK$12 – 20 million / US$1.5 – 2.5 million, making it the most valuable wine auction lot ever offered.
Champagne, rare Whiskies and California wines from best vintages in multiple formats will be available as well, offering wine collectors tantalising varieties from the fine Burgundies and Bordeaux.
To view other Hong Kong sales, please visit our dedicated Autumn Sales 2014 page.