Spectrum Wine Brings In HK$26 million + In Debut Auction
Simultaneous wine auctions in Hong Kong and the U.S. brings in a nice sum.
New auction house, Spectrum, held its wine auction last weekend in Dana Point in the US as well as in and Hong Kong, so it seems you don’t need to be a Christie’s or a Sotheby’s to bring in the big bids!
The auctions were held simultaneously at Crown Wine Cellars in Hong Kong and the St. Regis Monarch Beach in Dana Point, California. By the time the hammer came down for the last time late in the Hong Kong afternoon and in the wee hours of the following morning in the US, 686 lots and $HKD26,775,869.60 ($US3,454,944) in fine and collectible wines had changed hands, with 100% of lots sold.
Capacity crowds gathered in the two live auction venues, and telephone and online bidders from around the world joined in on the action. Case quantities of Burgundies and Bordeaux claimed many of the top spots in the auction, with the strongest showings coming from the top French estates. The top lots sold are as follows:
Romanée-Conti 1962, Domaine de la Romanée-Conti
- 12 x 0.75L
- Estimate: $90,000
- Realized: $109,940
La Tâche 1962, Domaine de la Romanée-Conti
- 12 x 0.75L
- Estimate:$78,000
- Realized: $80,065
Château Lafite Rothschild 1982
- 12 x 0.75L
- Estimate:$27,000
- Realized: $38,240
Château Lafleur 2000
- 12 x 0.75L
- Estimate: $15,250
- Realized: $22,705
While Burgundies from the venerable Domaine de la Romanée-Conti soared over estimated prices, there were some interesting lots that were not in the blue-chips range. “The auction offered numerous opportunities to collectors of modest means,” noted Spectrum’s Director of Client Services Amanda Keston. “One interesting lot in particular was lot #665—a single 750ml bottle of 1966 Robert Mondavi Cabernet Sauvignon; the vineyard’s very first vintage.” The bottle sold for $200. “That’s not much to own a piece of history,” she added. A sampling of lots that realized well over estimates included:
Château Lafite Rothschild 1961
- 12 x 0.75L
- Estimate: $2200
- Realized: $7767
Château Beychevelle 1961
- 12 x 0.75L
- Estimate: $1200
- Realized: $3585
Dominus Estate 199
- 6 x 0.75L
- Estimate: $650
- Realized: $1792
La Tâche 1993, Domaine de la Romanée-Conti
- 12x 0.75L
- Estimate: $5500
- Realized: $14937
Montrachet 2001, Domaine de la Romanée-Conti
- 1 x 0.75L
- Estimate: $975
- Realized: $2390
Château Lafite Rothschild 1990
- 12 x 0.75L
- Estimate: $3600
- Realized: $7468
Château Mouton Rothschild 1966
- 12 x 0.75L
- Estimate: $2800
- Realized: $5377
Full auction results for each lot are available from the Spectrum web site: www.spectrumwine.com.
With the first live auction just completed, Spectrum is already turning its attention towards the future. They have scheduled their next live auction for two days over March 19 and 20, 2010, at the St. Regis Monarch Beach, with a simulcast to Crown Wine Cellars March 20 and 21. In the meantime, wine lovers can check out Spectrum’s online auctions, some which feature wines with $US1.00 reserves.
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