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Zachys enjoys biggest single HK auction
US auction house Zachys is celebrating its biggest ever sale in Asia with over HK$52 million made last week, while Christie’s set a new world record for Burgundy at the same time.
The Zachys sale, held at the Mandarin Oriental in Hong Kong, saw 97% of the 734 lots sold for a total of HK$52,349,395 (US$6.7m).
Leading the lots was a case of 1969 Domaine de la Romanée-Conti, Romanée-Conti for HK$1.4m, followed by a 53 bottle vertical of Château Mouton Rothschild, which made HK$465,500.
Other top lots included a case of 1989 Pétrus (HK$318,500), 10 bottles of Meursault Perrieres Coche-Dury 1996 ($134,750), a case of 1999 Masseto (HK$51,450) and four bottles of 1992 Vosne-Romanée Henri Jayer (HK$49,000).
Zachys Asia’s managing director, David Wainwright, commented: “At 97% sold it was another very strong sale for Zachys Asia. With over 250 people in the room, prices were again high. Bordeaux was in big demand and DRC was hotly contested. The trend for top Burgundy also continues.
“At over HK$52m it was our highest total ever for a single day sale. We return in January 2014 for a monster HK$80m extravaganza, including two incredible private collections.”
Meanwhile, DRC and Mouton also ruled the roost at Christie’s Asia sale last week, with a case of 1978 DRC Romanée-Conti making HK$3.6m (US$476,280/£295,838).
Of the top 10 lots, six were DRC, one Latour, two Pétrus and one Mouton, the latter being a collection of magnums from 1929 to 2009 which made HK$1.7m (US$222,264).
The sale made HK$69.8m (US$9m) in total.
Simon Tam, head of wine China, said: “Christie’s three-day sale achieved over HK$69 million/over US$9 million, demonstrating a new level of sophistication and maturity of the wine market.
“One of the most exciting moments of the auction was the sale of a case of 1978 Romanée-Conti, which achieved HK$3,675,000/ US$476,280, a world auction record for Romanée-Conti. It was extremely gratifying to see wines from the legendary terroir of Champagne, Spain, Barolo and Australia reach new levels alongside the classics of the finest Bordeaux and Burgundy.
“This auction emphasized the growing demand and importance for premium wines with the finest provenance.”