With equity markets volatile rare wine might look like a better bet to hold or drown your sorrows. Sotheby’s sale of finest and rare wines held last Saturday in Hong once again produced strong results.
The auction featuring Burgundy Direct from Maison Camille Giroud concluded with a sale total of HK$12.5 million or US$1.6 million. The sale was 94.6% sold by lot and 96.6% sold by value.
The main results were:
Camille Giroud Highlights:
The rare Musigny 1976 Camille Giroud (12 bottles) sold above high estimate for HK$79,625.
Charmes Chambertin 1978 Camille Giroud (12 bottles) sold for more than double its low estimate at HK$49,000.
Le Pin 1990 (12 bottles) was the sale’s top lot, sold for HK$392,000, i.e. HK$32,667 per bottle.
Château Pétrus (two lots of 1989, one lot of 1990 and one lot of 2007) took up four slots in the top-ten list.
A bottle of The Macallan 50 year old in Lalique whisky sold above its high estimate for HK$294,000, came fourth in the top ten list.
The first bottle of ‘The Last Drop’ 50 Year Old Blended Scotch Whisky sold for HK$85,750 / US$11,000, with proceeds of the sale going to benefit Hong Kong-based charity Sunshine Action.
Robert Sleigh, Head of Sotheby’s Wine, Asia, said, “Once again, top-quality mature Burgundy has shown itself to be the most desirable sector of the market. The impeccable provenance and condition of the wines direct from the cellars of Maison Camille Giroud certainly fueled intense bidding among Asian buyers.”
