The Hong Kong sale of Finest and Rarest Wines and The Macallan on 18 January 2014 concluded with a total of HK$29.4 million/US$3.8 million* – comfortably beating its HK$25 million/US$3.2 million high estimate – and a strong sell-through rate of 99.6% by lot. Almost 75% of the lots achieved prices over their high estimates. Online bidding was particularly active, with 12% of the lots sold to internet bidders and one-third of the lots receiving online bids.
The top lot, The Macallan 6-litre “M” Decanter by Lalique, fetched HK$4.9 million/US$628,205 – soaring past its HK$4 million/US$500,000 high estimate – and Set A New Auction Record For Single Malt Whisky. The previous record was achieved by Sotheby’s New York in 2010 when The Macallan 64-year-old in Lalique Cire Perdue was sold at US$460,000. Impressive prices were also achieved for 1982 Bordeaux and mature red Burgundy from top domains such as Domaine de la Romanée-Conti and Armand Rousseau.
*Prices include buyer’s premium.
Hong Kong will host Sotheby’s first wine auction of 2014 with 700 lots estimated at HK$17–25 million/US$2–3.2 million. The sale includes The Macallan Imperiale six-litre “M Decanter—Constantine”, with proceeds from the sale donated to local Hong Kong charities. This is the first and only time one of the four Imperiale M Decanters has ever been offered in public. The auction also includes a superb selection of mature and ready to drink Bordeaux and Burgundy, spanning 128 years.