NEWS
FINE WINE AUCTION CAPITAL: HONG KONG WILL HOST AUCTION WITH HIGHEST EVER ESTIMATE
By Siulan Law Mathews DipWSET
1-2-2019
British auction house Sotheby’s has announced a 3-day sale entitled "Tran-scend-ent Wines 超凡釀" in Hong Kong from 29 to 31 March with the highest ever pre-sale estimate, helping seal Hong Kong’s status as the world’s fine wine auction capital.
The auction will feature 2,704 lots of 16,889 bottles and is expected to realise a new record of HKD147m to 206m (USD19m to 26m).
All the lots are from the private cellars of the anonymous “Transcendent Collector”, featuring premium wines from Burgundy, Champagne, Rhône, Bordeaux and Italy.
This is described by Sotheby's as the most significant sale of a single-owner wine collection ever held, bringing to the market some of the greatest names in the wine world.
Adam Bilbey, head of Sotheby’s Wine Asia, said: “We have witnessed strong momentum in the Asian wine market, with its voracious appetite for the very best wines. "Tran-scend-ent Wines epitomizes a modern wine cellar from a new wave of enlightened collectors, and will offer wine lovers from the region and beyond the opportunity to acquire wines of impeccable quality in substantial quantities. I look forward to presenting this important collection in Hong Kong, Asia’s capital of wine.”
Described by Sotheby’s as a true pioneer, the “Transcendent Collector” was said to have honed his tastes at an early age, choosing to focus on wines that he loved and appreciated and “has culminated in a collection on a scale the like of which has never been seen before”.
Over 250 lots of Domaine de la Romanée-Conti will go under the hammer, 80 lots from Domaine Leroy, There are 600 lots of Coche-Dury, representing a complete series of the estate’s wines dating back to the 1980s and with the number of bottles “potentially exceeding stocks held by the winery”.
There is also a large number of Champagne including Dom Pérignon as well as its rosé, ‘Oenothèque and P2 and P3 variants dating back to the 1960s.
There are over 140 lots of Guigal from Rhone, including many wines from the famous 1985 vintage and the very first vintage of La Landonne (1978).
Bordeaux is represented by all the first growths including 1945 Mouton Rothschild and La Mission Haut-Brion, 1961 Lafite and 1959 Latour.
The current highest completed wine auction record was set in June last year in Geneva when Baghera Wines sold the private cellar of the late Burgundy producer Henri Jayer for USD34.7m, more than double its pre-sale estimate.
(the writer can be contacted at: SLawMathews@thewinechronicle.com)
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