Christie’s Hong Kong Wine Spring Auctions Realised a Combined Sale Total of HK$209,317,250/US$26,795,350
From 21-23 May, Christie’s Hong Kong held auctions of two magnificent single-owner wine collections, “The Visionary’s Spectacular Cellar”, and “The Ultimate Private Collection Featuring The Greatest Burgundies Part II”, realising a historic combined sale total of HK$209,317,250/ US$26,795,350, with 97% sold by lot and 114% hammer above low estimate, and almost 40% of lots surpassed their pre-sale high estimates.
The spirited saleroom saw participation from 11 countries across 5 continents, with almost 40% of lots sold online through Christie’s LiveTM. The Visionary’s Spectacular Cellar Part ll continues to welcome bidding online from 23 May until 8 June.
Michelle Chan, Head of Wine, Christie’s Asia Pacific commented, “The historical results for these two magnificent single-owner collections achieved over the past three days, coupled with the phenomenal success of the “Iconic Wines from Joseph Lau” sale last month, underscore the ever-growing vibrancy and significance of Asia in the global wine market. This season, we are very privileged to have convened distinguished wine collectors and enthusiasts worldwide in our Hong Kong saleroom physically and online, who not only recognise the breadth and depth of our vinous offerings but also the expertise and synergy of our specialist teams. We look forward to continuing to present extraordinary wine collections in the future in this new chapter of wine auctions at Christie’s.”
Adam Bilbey, Global Head of Wine and Spirits, Christie’s, remarked, “This spring has undoubtedly been a historic season for Christie’s Wine, as we witnessed unprecedented results realised in Hong Kong this May. With strong bidding and participation across the world, we maintain our strong momentum in the market, establishing a solid foundation for the superb lineup of upcoming auctions later in the next few months both live and online, in our sale sites across the globe — Geneva, London, and Los Angeles. The expertise of our international team in sourcing and offering a diverse range of the rarest and most prized vinous treasures with exceptional provenance, best equips us to continue spearheading the global wine auction market.”
Leading the live auctions was lot 5407 from “The Visionary’s Spectacular Cellar” — Domaine de la Romanée-Conti, Romanée-Conti 1999, 12 bottles per lot, sold for HK$3,000,000/ US$384,039 against its pre-sale low estimate of HK$1,800,000/ US$230,424.