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Margaux lot sells out at Sotheby’s
An ex-cellar consignment of Château Margaux was completely sold in New York at the weekend, making over US$2 million.
The sale, conducted by Sotheby’s, made US$2.8m in total, double its high estimate with 99% of lots achieving prices exceeding their high estimates.
The top lot was a Balthazar of 2009 Margaux which made US$98,000 while a bottle of 1900 Margaux fetched US$61,250. Buyers seemed to zero in on the 2000 vintage in particular.
The buyers themselves were spread fairly evenly across the globe, with 47% coming from North America, 41% from Asia and 12% from Latin America, over 50% o the lots were bought by online bidders.
The sale is Sotheby’s second “white glove” (ie. 100% sold by lot and value) sale in less than a month, the auctioneer having seen its first ever such sale in London in September.
Corinne Mentzelopoulos, the owner of Château Margaux, commented: ‘‘I am very moved. The results are beyond any expectations, thanks to the dedicated and professional work of the Sotheby’s and Château Margaux teams.
“This is a once in a lifetime auction and I find it a very emotional tribute to my father and to the centuries old history of Château Margaux. I am especially grateful to all the wine collectors around the world for their support and enthusiasm for the wines of Château Margaux. It is very rewarding for all of us.’’
Other top lots from the Margaux collection included:
- A vertical of 35 magnums (US$67,375)
- Six magnums of the 2000 (US$42,875)
- Six magnums of the 1990 (US$42,875)
- A case of 1982 (US$36,750)