Prestigious Wines Reach New High With Two Hong Kong Sales Totaling US$26.6 Million | Auctions News | THE VALUE

Christie’s Hong Kong Spring Auction Week kicked off with two wine sales, which ran for three consecutive days. Together, they achieved total sales of HK$209 million (about US$26.6 million).

The spectacular cellar of the visionary The sale took place first, where all lots were sold in a high-end sale – which reached a sale total of nearly HK$132 million (approximately US$16.8 million ). It was crowned the most valuable wine collection ever sold by a single owner at Christie’s worldwide.

The spectacular cellar sale of the visionary forced four auctioneers to drop the hammer on more than 800 lots

During The spectacular cellar sale of the visionary, more than 800 lots were offered. Lasting 11 hours, four auctioneers took turns to drop the hammer. Proceeds from the sale are donated to the collector’s alma mater, the London Business School, at support its commitment to impacting the way the world does business and how business can positively impact the world.

This auction’s sales total exceeded that of their main competitor, Sotheby’s Wine Auctions this season:

  • Christie’s Hong Kong | The Visionary Spectacular Cellar Sale, May 2022 | Total sale: HK$131,898,875 (about US$16.8 million)
  • Sotheby’s Hong Kong | Wines & Spirits Auction, April 2022 | Total sale: HK$131,298,755 (about US$16.7 million)

Domaine de la Romanée-Conti (RDC), in Burgundy, Romanée-Conti, was the flagship lot of the sale. A 12-bottle set from 1999, it fetched HK$3 million (about US$382,000) with buyer’s premium – an average value of HK$250,000 (about US$31,000) per bottle.

The 1999 DRC Romanee-Conti is an excellent vintage and received a high score of 95 to 99 points out of 100 from the eminent American wine critic Robert Parker.

Lot 5407 | RDC Romanee-Conti, 1999 (standard bottles) | 12 bottles per lot

Estimate: HK$1,800,000 – 2,600,000
Sold: HK$3,000,000 (about US$382,000)

Domaine de la Romanée-Conti (DRC) is widely regarded as one of the greatest wine producers in the world. Romanée-Conti, La Tache and Montrachet are all products from the DRC. La Romanée-Conti, from the most famous vineyard in the DRC, is considered the best of the best.

Romanée-Conti is a rare vintage wine with Pinot Noir as the main grape variety and around 5,000 bottles are produced each year. Due to the popularity of the wine, the DRC once had to release a bottle of Romanée-Conti out of a box of 12 wines in proportion to the grape harvest.

Lot 5379 | DRC Romanée-Conti, 1990 (1.5 liters) | 6 bottles per lot

Estimate: HK$800,000 – 1,200,000
Sold: HK$1,062,500 (about US$135,000)

Lot 5413 | RDC Romanée-Conti, 2004 (3 litres) | 1 bottle per lot

Estimate: HK$750,000 – 1,000,000
Sold: HK$875,000 (about US$111,000)

Lot 5423 | RDC Romanée-Conti, Assortment, 2002 (1.5 liter) | 6 bottles per lot

Estimate: 600,000 – 800,000 HK$
Sold: HK$937,500 (about US$119,000)

Other flagship lots:

Lot 5573 | Domaine Leroy, Musigny, 2011 (standard bottles) | 6 bottles per lot

Estimate: HK$1,400,000 – 1,900,000
Sold: HK$1,875,000 (about US$238,000)

Lot 5485 | Henri Jayer, Vosne-Romanée Cros Parantoux, 2000 (standard bottles) | 12 bottles per lot

Estimate: HK$950,000 – 1,200,000
Sold: HK$1,375,000 (about US$175,000)

Lot 5303 | Domaine Armand Rousseau, Chambertin, 1996 (1.5 liter) | 6 bottles per lot

Estimate: 400,000 – 550,000 HK$
Sold: HK$625,000 (about US$79,000)

Lot 5179 | Château Cheval-Blanc, 1947 (1.5 liters) | 2 bottles per set

Estimate: 320,000 – 420,000 HK$
Sold: 600,000 HK$ (about 76,000 US$)

Lot 5691 | Domaine Leflaive, Montrachet, 1996 (1.5 liters) | 3 magnums per batch

Estimate: 480,000 – 650,000 HK$
Sold: HK$750,000 (about US$95,000)

Sale: The Spectacular Cellar of the Visionary
Date: May 21, 2022
Sell ​​rate: 100%
Total sale: HK$131,898,875 (about US$16.8 million)

Held over two consecutive days, The ultimate private collection with the biggest sale in Burgundy, part II made HK$77.4 million (about US$9.8 million). The most expensive lot in the sale was another Burgundy giant – Domaine Leroy Grand Cru, Chambertin. A set of 12 bottles of 2009 Domaine Leroy Chambertin fetched HK$1.06 million (about US$140,000) with the buyer’s premium – each bottle had an average value of about US$11,000.

The owner of the domain, Lalou Bize-Leroy, advocates the biodynamic method of grape cultivation – which means that agricultural procedures such as the use of compost as fertilizer and no pesticides are applied. These methods create the distinctive aroma, flavor and texture of Domaine Leroy wines.

Lot 6482 | Domaine Leroy, Chambertin, 2009 (standard bottles) | 12 bottles per lot

Estimate: 1,000,000 to 1,500,000 HK$
Sold: HK$1,062,000 (about US$135,000)

Lot 6792 | Château Lafleur, 1982 (1.5 liters) | 6 bottles per lot

Estimate: 550,000 – 800,000 HK$
Sold: HK$875,000 (about US$111,000)

Lot 6500 | Domaine Leroy, Romanée-Saint-Vivant, 2009 (standard bottles) | 12 bottles per lot

Estimate: 650,000 – 950,000 HK$
Sold: HK$812,500 (about US$103,000)

Lot 6413 | Henri Jayer, Vosne-Romanée, 1993 (standard bottles) | 12 bottles per lot

Estimate: 420,000 – 650,000 HK$
Sold: HK$812,500 (about US$103,000)

Lot 6493 | Domaine Leroy, Musigny, 2007 (standard bottles) | 3 bottles per lot

Estimate: 650,000 – 1,000,000 HK$
Sold: HK$687,500 (about US$87,000)

Sale: The Ultimate Private Collection Featuring The Greatest Burgundies Part II
Date: May 22-23, 2022
Sell ​​rate: 94%
Total sale: HK$77,418,375 (about US$9.8 million)

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