NEWS
SOTHEBY’S TO SELL PIERRE CHEN’S 25,000 BOTTLES IN 5 AUCTIONS ACROSS 3 CONTINENTS
By Siulan Law Mathews DipWSET
11-10-2023
Source: Sotheby's
International auction house Sotheby’s is planning to hold an auction marathon across three continents spanning over one year to sell Taiwanese businessman Pierre Chen’s fine wine collection of 25,000 bottles.
Chen’s collection could be the most valuable wine collection ever come to the auction market with estimated top value of USD50 million.
To maximize value, Sotheby’s is selling the collection in five sales spread across Asia, Europe and North America, these auctions are collectively dubbed “The Epicurean’s Atlas” a testament to Chen’s culinary passions.
The first auction, subtitled “The Encyclopedic Cellar,” will be held at the Mandarin Oriental hotel in Hong Kong from 24 to 25 November.
Events for the auction will begin on 23 November, special wine-and-food tastings will accompany it at several restaurants, including 8 ½ Otto e Mezzo Bombana. Sotheby’s will also host accompanying panel discussions with wine industry leaders.
Following the Hong Kong auction, the next sales will take place in July 2024 in Beaune France called “Live in the Vines” and in Paris titled “The Ultimate Champagnes”.
The third auction will be held in New York in September 2024 called “Around the Globe”. And the fourth auction will be held in Hong Kong again in November 2024 dubbed “The Zenith”.
A Sotheby's sale in London will also feature some of Chen’s wines, along with some from other consignors.
Chen is the founder of the Taipei-based electronic component manufacturer Yageo Corp, he has been collecting art and wines for over 40 years.
“Wine is the only art form one can consume, using senses that other art forms don’t typically involve, such as one’s taste and smell, and it requires creativity on the part of the owner.” he said in a statement.
Highlights of the bottles to be auctioned out include six magnums of Henri Jayer Vosne-Romanée Cros Parantoux 2001 (estimate USD50,000 to 70,000 each), a magnum of Château Latour Pauillac 1961(USD12,000 to 16,000), a 6-litre imperial of Petrus Pomerol 1982 (USD45,000 to 65,000) and three magnums of Salon Brut Blanc de Blancs Champagne Le Mesnil 1971 (USD6,000 to 8,000 each).
There are also multiple vintages of Domaine de la Romaneé-Conti La Tâche in several bottle sizes, Domaine Leroy Musigny 1991 and two vintages of Arnand Rousseau’s Chambertin, as well as two magnums of Château Lafite Rothschild 1959 and Krug and Dom Pérignon Champagnes.
(the writer can be contacted at: info@thewinechronicle.com)
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