Christie’s Henri Jayer Private Cellar Auction Raised HK$66.03 million
Sold-out classic Burgundies at Christie’s wine auction.
Christie’s achieved a 100% sold rate for the fine and rare wines from the private cellar of Henri Jayer bringing in a cool HK$66.03 million or US$8,511,288.
The top lots sold was 12 bottles of Vosne-Romanée Premier Cru Cros Parantoux vintage 1985, which fetched HK$2.06 million or US$265,147. The sale showed demand for rare Burgundy vintages is on the rise even as the Asian appetite for more accessible Bordeaux has cooled, leaving prices for top Medoc producers 20 percent down on the market highs of mid-2011.
David Elswood, International Head of Wine and Auctioneer for Christie’s for the sale, said: “Buyers were keenly aware of the unique provenance of these classic Burgundies and the attraction of a sale that can never be repeated.
Charles Curtis MW, Head of Wine for Christie’s Asia, added: “Tonight’s sale demonstrated the enduring passion of our Asian clients for the wines of Burgundy. With 17 lots over HK$1 million and an average lot value of HK$647,350, this once-in-a-lifetime sale gets a high bar indeed and confirms once again the dominance of Hong Kong in the market for fine and rare wine.”
The Christie’s sale followed auctions in Hong Kong last month by Sotheby’s, Zachys and Acker, Merrall & Condit. The Acker sale raised HK$66.87 million, Sotheby’s HK$44.06 million and Zachys HK$34.62 million.
Source: Bloomberg.com and Christies
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