Zachys aims for a $10m September

New York auction house Zachys expects to have made $10 million (£6.5m) worth of sales in September alone, following its first autumn sale realising $5m (£3.2m) over just two days.

Zachys’ president Jeff Zacharia (Photo: Facebook)

The house’s monthly online auction, which ends later this week, is expected to take its monthly total to the $10m mark following what Zachy’s called an “astonishing” Early Fall Auction on 17-18 September.

Its first autumn sale witnessed over 450 lots sold to international bidders from Hong Kong, South America, Canada, China and Europe, the house said.

The auction saw Burgundy remain a big draw, with 6-bottle cases of ‘00 and ‘09 La Tâche selling for $17,150 (£11,080) and $18,375 (£11,873) respectively.

It was a similar story for rare white wines, such as 4-bottle lots of ‘09 and ‘04 Corton Charlemagne from Coche Dury that sold well above their high estimates of $12,250 (£7,917) and $9,800 (£6,332) respectively.

The auction also succeeded in reaching the highest price for ’00 Mouton in North America since March, selling cases of the wine for $18,375 (£11,875).

Italy continues to make strides in the market, judging by the auction figures, with producers such as Giacosa and Aldo Conterno hammering well above high estimates.

Twelve bottles of Barbaresco Rabaja Bruno Giacosa 1998 realised $3185 (£2058), the highest ever in the auction market, and six magnums of Barolo Riserva Gran Bussia Aldo Conterno 2005 realized $3675 (£2375).

In spirits, Japanese whiskies continue to be a prominent feature of the second-hand whisky market. A dedicated section was set aside Karuizawa and Hanyu Ichiro‘s Card Series, and rare Suntory Hibiki in ceramic decanters sold for 19% above their high estimate.

Jeff Zacharia, president of Zachys, said that the key to the success of its opening Autumn auction was in providing “something for everyone.”

“Rare Burgundies from Coche-Dury, DRC in the original wood, ‘00 Mouton-Rothschild all performed at the top of their respective games,” he said.

Praising the house’s sales of global wines, Zacharia continued, “We reached new heights with ‘99 SQN The Marauder at $5880 (£3,800), ‘49 Prum Wehlener-Zeltinger Sonnuhr TBA GK at $7350 (£4,750) and Japanese Spirits from Karuizawa and others.”

Zachys’ next evening sale is taking place on 21 October.

Highlights from the auction saw some top estimates greatly exceeded (Photo: Zachy’s)