‘Stunning’ results for Ponsot in concluding Perenchio sale

Sotheby’s second sale featuring the collection of the late entrepreneur Jerry Perenchio realised over US$5 million with cases of Domaine Ponsot and Méo-Camuzet selling for over $100,000.

Held in New York on 19 May, the sale smashed its high estimate of $3.5m and when the gavel came down for the final time it was for a total of $5.2m.

With the first part of the sale which was held in Hong Kong this March making $6m, the collection has raised over $12m in total with the proceeds going to the Perenchio Foundation supporting arts programmes in Los Angeles.

Sotheby’s reported that bidding was particularly strong from “resurgent” North and Latin American clients, who bought 65% of the lots offered.

Burgundy dominated the sale with the two leading lots, for once, not coming from Domaine de la Romanée-Conti or Henri Jayer but Domaine Ponsot and Méo-Camuzet.

The former led the way with a full case of the 1985 Clos de la Roche, Cuvée Vieilles Vignes realising $123,000 (£90,997) while a case of the latter’s 1985 Richebourg went for $116,850 (£86,447); results Sotheby’s head of wine, Jamie Ritchie, called “stunning”.

An imperial of 1961 Château Latour went for the same price.

Not that DRC was left out of the top lots, a case of its 1986 and 1990 Montrachet and 1978 and 1966 La Tâche all went for between $79,950 to $86,100, while three bottles of Henri Jayer’s 1985 Richebourg achieved $73,800.

Full cases of 1959 Lafite ($61,500) and Mouton Rothschild ($67,650), rounded out the 10 best-selling lots chart.