Liquid Jade: Moutai + Tea Treasures

金樽甘露：貴州茅台及珍藏茗茶

Online Auction: 4–16 December 2025 • 11:00 AM HKT • Hong Kong | 網上拍賣：2025年12月4至16日 • 上午11時 HKT • 香港

M outai and tea, two fitting drinks for the chilling winter that warms you from within. Sotheby’s is incredibly excited to present to you this year-end Moutai auction that celebrates Chinese traditions and craftsmanship. Not only do we have a good variety of old Moutai bottles in various formats, but we are also offering various new releases from 2025 and complete sets of highly sought-after series. This is then followed by 13 lots of premium vintage tea.


茅 台與茗茶皆適合在冬季享用，能讓人暖入心扉。今年歲末，蘇富比摯誠呈獻貴州茅台及珍藏茗茶拍賣，向中華傳統與匠心工藝致意。拍賣不僅涵蓋多款不同瓶裝的貴州茅台，還囊括2025年推出的上乘佳釀和備受追捧的成套珍藏紀念酒；隨後並呈十三項頂級陳年茗茶拍品。

One of the biggest highlight of the auction would be the immense number of old Moutai bottles from the 1970s to 1990s. Starting from lot 8334 to 8463, this includes the famous “葵花牌Sun Flower” labels, bottles wrapped in cotton tissue, and the 54cl format of the Flying Fairy (大飛天)。We are also excited to once again offer the full set of the 12 Chinese Zodiac Moutai, saving collector’s time to searching for them one by one, as well as the 8-bottle set of 燕京八景 and 詩畫河山 that are filled in majestic bottles. Finally, the auction ends with premium vintage Chinese tea in lot 8678 to 8690.

本場拍賣最大亮點是數量龐大的茅台陳釀，年份橫跨1970年代至1990年代，拍品編號由8334至8463，包括名聞遐爾的葵花牌貴州茅台、棉紙茅台、540毫升「大飛天」貴州茅台等。同時，蘇富比欣然再度呈上貴州茅台酒十二生肖全套，為藏家省卻逐瓶尋覓的功夫；拍賣另呈燕京八景和詩畫河山貴州茅台酒套裝，每套八瓶，全用成套茅台少用的陳釀酒體，彌足珍貴。最後，拍賣以頂級陳年茗茶作結，拍品編號為8678至8690。

Auction Highlights | 亮點拍品

8305

Type: lot

Category: Lot

2018年產50年貴州茅台酒 Kweichow Moutai Aged 50 Years 2018 (3 BT50)

2018年產50年貴州茅台酒 Kweichow Moutai Aged 50 Years 2018 (3 BT50)

Estimate: 45,000 – 65,000 HKD

Liquid Jade: Moutai + Tea Treasures | 金樽甘露：貴州茅台及珍藏茗茶

4–16 December 2025 | 11:00 AM HKT | Hong Kong

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8347

Type: lot

Category: Lot

1985年產"五星牌"貴州茅台酒（地方國營） (棉紙) Kweichow Five Star Moutai (Cotton Paper Wrap) 1985 (1 BT54)

1985年產"五星牌"貴州茅台酒（地方國營） (棉紙) Kweichow Five Star Moutai (Cotton Paper Wrap) 1985 (1 BT54)

Estimate: 20,000 – 28,000 HKD

Liquid Jade: Moutai + Tea Treasures | 金樽甘露：貴州茅台及珍藏茗茶

4–16 December 2025 | 11:00 AM HKT | Hong Kong

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8416

Type: lot

Category: Lot

1975-1985年產 "大飛天"貴州茅台酒 Kweichow Flying Fairy Moutai circa 1975-1985 (1 BT54)

1975-1985年產 "大飛天"貴州茅台酒 Kweichow Flying Fairy Moutai circa 1975-1985 (1 BT54)

Estimate: 20,000 – 28,000 HKD

Liquid Jade: Moutai + Tea Treasures | 金樽甘露：貴州茅台及珍藏茗茶

4–16 December 2025 | 11:00 AM HKT | Hong Kong

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8539

Type: lot

Category: Lot

2021年產"飛天牌"精品貴州茅台酒(原箱)Kweichow Flying Fairy Moutai Jingpin 2021 (6 BT50)

2021年產"飛天牌"精品貴州茅台酒(原箱)Kweichow Flying Fairy Moutai Jingpin 2021 (6 BT50)

Estimate: 13,000 – 18,000 HKD

Liquid Jade: Moutai + Tea Treasures | 金樽甘露：貴州茅台及珍藏茗茶

4–16 December 2025 | 11:00 AM HKT | Hong Kong

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8567

Type: lot

Category: Lot

2008年產國酒茅台香港之友協會專用茅台酒50年（藍茅）Kweichow Moutai HK Friends Of Moutai Special Edition Aged 50 Years 2008 (1 BT50)

2008年產國酒茅台香港之友協會專用茅台酒50年（藍茅）Kweichow Moutai HK Friends Of Moutai Special Edition Aged 50 Years 2008 (1 BT50)

Estimate: 24,000 – 35,000 HKD

Liquid Jade: Moutai + Tea Treasures | 金樽甘露：貴州茅台及珍藏茗茶

4–16 December 2025 | 11:00 AM HKT | Hong Kong

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8600

Type: lot

Category: Lot

2023年產貴州茅台酒 - 詩畫河山 Kweichow Moutai "Shi Hua He Shan" 2023 (8 BT50)

2023年產貴州茅台酒 - 詩畫河山 Kweichow Moutai "Shi Hua He Shan" 2023 (8 BT50)

Estimate: 30,000 – 42,000 HKD

Liquid Jade: Moutai + Tea Treasures | 金樽甘露：貴州茅台及珍藏茗茶

4–16 December 2025 | 11:00 AM HKT | Hong Kong

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8601

Type: lot

Category: Lot

2020年產貴州茅台酒 - 燕京八景 Kweichow Moutai "Eight Views of Yanjing" Assortment 2020 (8 BT50)

2020年產貴州茅台酒 - 燕京八景 Kweichow Moutai "Eight Views of Yanjing" Assortment 2020 (8 BT50)

Estimate: 30,000 – 42,000 HKD

Liquid Jade: Moutai + Tea Treasures | 金樽甘露：貴州茅台及珍藏茗茶

4–16 December 2025 | 11:00 AM HKT | Hong Kong

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8662

Type: lot

Category: Lot

"五星牌"貴州茅台酒十二生肖全套 Kweichow Moutai "Chinese Zodiac" Vertical MV (12 BT50)

"五星牌"貴州茅台酒十二生肖全套 Kweichow Moutai "Chinese Zodiac" Vertical MV (12 BT50)

Estimate: 65,000 – 100,000 HKD

Liquid Jade: Moutai + Tea Treasures | 金樽甘露：貴州茅台及珍藏茗茶

4–16 December 2025 | 11:00 AM HKT | Hong Kong

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Sotheby’s Hong Kong is delighted to present the Tea Treasures, featuring 13 lots of premium puerh and showcasing some of the most quintessential examples from the past century. This collection caters to the continue-growing market and diverse taste of today’s collectors, offering rare treasures from 1960s to 1990s, including the highly sought-after 1980s 88 Raw Tea Cake and Thick Wrapped Paper 8582 Raw Tea Cake, to ready-to-consume tea bricks, Tuo Cha and Liu Bao Tea.

香港蘇富比欣呈珍藏茗茶，精選十三項珍藏普洱茶，包括上世紀的古董級明星茶品。隨著時代演進，如今一代的收藏家眼界廣遠，品味也漸趨多元。為響應市場需求，蘇富比積極搜求珍藏茶品，為拍賣帶來1960年代至1990年代間生產的珍稀茗茶，例如備受追捧的1980年代產八八青餅、厚紙8582青餅、多款已合時品飲的茶磚、沱茶和六堡茶。

8678

Type: lot

Category: Lot

80年代 88青餅 (萍果綠版) 1980s 88 Raw Tea Cake (Apple Green Version) (1 PC)

80年代 88青餅 (萍果綠版) 1980s 88 Raw Tea Cake (Apple Green Version) (1 PC)

Estimate: 70,000 – 120,000 HKD

Liquid Jade: Moutai + Tea Treasures | 金樽甘露：貴州茅台及珍藏茗茶

4–16 December 2025 | 11:00 AM HKT | Hong Kong

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8679

Type: lot

Category: Lot

80年代早期 厚紙8582青餅 Early 1980s Thick Wrapped Paper 8582 Raw Tea Cake (1 PC)

80年代早期 厚紙8582青餅 Early 1980s Thick Wrapped Paper 8582 Raw Tea Cake (1 PC)

Estimate: 90,000 – 140,000 HKD

Liquid Jade: Moutai + Tea Treasures | 金樽甘露：貴州茅台及珍藏茗茶

4–16 December 2025 | 11:00 AM HKT | Hong Kong

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8680

Type: lot

Category: Lot

80年代 薄紙8582青餅 1980s Thin Wrapped Paper 8582 Raw Tea Cake (1 PC)

80年代 薄紙8582青餅 1980s Thin Wrapped Paper 8582 Raw Tea Cake (1 PC)

Estimate: 80,000 – 130,000 HKD

Liquid Jade: Moutai + Tea Treasures | 金樽甘露：貴州茅台及珍藏茗茶

4–16 December 2025 | 11:00 AM HKT | Hong Kong

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8683

Type: lot

Category: Lot

1997年鳳慶青餅 1997 Feng Qing Raw Tea Cakes (21 PC)

1997年鳳慶青餅 1997 Feng Qing Raw Tea Cakes (21 PC)

Estimate: 45,000 – 70,000 HKD

Liquid Jade: Moutai + Tea Treasures | 金樽甘露：貴州茅台及珍藏茗茶

4–16 December 2025 | 11:00 AM HKT | Hong Kong

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8684

Type: lot

Category: Lot

1999年 綠大樹青餅 (紅票厚草紙) 1999 Green Big Tree (Red Stamp Thick Rough Wrapped Paper) Raw Tea Cakes (7 PC)

1999年 綠大樹青餅 (紅票厚草紙) 1999 Green Big Tree (Red Stamp Thick Rough Wrapped Paper) Raw Tea Cakes (7 PC)

Estimate: 75,000 – 120,000 HKD

Liquid Jade: Moutai + Tea Treasures | 金樽甘露：貴州茅台及珍藏茗茶

4–16 December 2025 | 11:00 AM HKT | Hong Kong

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8687

Type: lot

Category: Lot

1994年首批大益熟磚 1994 Dayi Ripe Tea Bricks (First batch version) (15 PC)

1994年首批大益熟磚 1994 Dayi Ripe Tea Bricks (First batch version) (15 PC)

Estimate: 48,000 – 75,000 HKD

Liquid Jade: Moutai + Tea Treasures | 金樽甘露：貴州茅台及珍藏茗茶

4–16 December 2025 | 11:00 AM HKT | Hong Kong

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8689

Type: lot

Category: Lot

60年代老六堡 1960s Old Liu Bao Tea (1 PC)

60年代老六堡 1960s Old Liu Bao Tea (1 PC)

Estimate: 55,000 – 85,000 HKD

Liquid Jade: Moutai + Tea Treasures | 金樽甘露：貴州茅台及珍藏茗茶

4–16 December 2025 | 11:00 AM HKT | Hong Kong

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This auction is currently open for bidding from 4 December 2025 11:00am HKT and will close on 16 December 11:00am HKT in 30 seconds interval.

本場拍品於香港時間2025年12月4日上午11時起開放競投，並於12月16日上午11時起，每三十秒順序結束一項。

Past Auction

Liquid Jade: Moutai + Tea Treasures | 金樽甘露：貴州茅台及珍藏茗茶

4–16 December 2025 | 11:00 AM HKT | Hong Kong