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Lafite prices spiral at record Sotheby's Hong Kong auction

Posted in : Wine Information, Wine Types

(added last year!)

Lafite prices spiral at record Sotheby's Hong Kong auctionAsian bidders paid stratospheric prices for prized bottles sent directly from Château Lafite Rothschild's cellars in a Sotheby's auction in Hong Kong today.  Three bottles of 1869 Lafite Rothschild became the world’s most expensive wine sold at auction, fetching US$233,972 each.

In strongly competitive bidding, all 284 lots - 190 of them Lafites - went to Asian buyers. The sale grossed US$8,440,137 - far beyond the pre-sale estimate for the entire catalogue, US$1,619,110 - 2 ,507,944. The Lafite-only segment of the book fetched US$8,056,424. The pre-sale estimate for that segment was US$1,501,802 - 2,343,197.

In the last 18 months, Sotheby’s has held 10 consecutive 100%-sold auctions in Hong Kong. Other than Lafite Rothschild, Domaine Barons de Rothschild sent consignments of Carruades de Lafite, Duhart Milon, L’Evangile and Rieussec. Jamie Ritchie, president of Sotheby’s International Wine Department and one of the auctioneers, said: ‘Asian wine collectors embraced the opportunity to buy Lafite ...and showed their strong appreciation for this great wine.’

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(added last year!) / 305 views