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24 December 2012  |  New York, Rockefeller Center   |  PRINT  |  PDF
For Immediate Release

CHRISTIE'S GLOBAL WINE SALES TO EXCEED £57 MILLION (US$90 MILLION) IN 2012

WINE SALES TOP $90 MILLION MARK FOR THE SECOND YEAR IN A ROW, CONFIRMING CHRISTIE’S POSITION AS THE LEADING GLOBAL AUCTION HOUSE FOR WINE

New York/London/Hong Kong – Christie’s Global Wine Department is on track to finish the year 2012 with auction sales exceeding £57 million (US$90 million),  confirming Christie’s position as the leading international auction house in global wine sales. The 2012 total -- which includes live saleroom auctions as well as online-only sales -- marks the second year in a row that Christie’s is poised to surpass the $90 million mark in wine sales. The final annual total, which will also include private sales of wine, will be announced as part of Christie's annual corporate figures announcement in January.

In 2012, Hong Kong again emerged as the leading sales site for wine at Christies, with over £23.4million (US$37 million) in sales, with London following at £11 million (US$17 million) and New York at £7.5 million (US$12million), including three online-only wine auctions. In addition to its three major sale sites, Christie’s holds regular wine auctions in Geneva, Paris, and Amsterdam, as well as the annual Hospices de Beaune barrel auction in Burgundy, which reached a new record total of €5,909,276 (US$ 7.6 million) this year.

Among the many high points of 2012 for Christie’s was its February sale of Fine and Rare Wines From the Private Cellar of Henri Jayer, the legendary master of Burgundy. Estimated to achieve US$2.5 million in total, the sale went on to realize £5,388,024 (US$ 8,511,228) with sell-through rates of 100% and 17 lots selling for over HK$1 million. Over the summer, Christie’s launched its inaugural calendar of Online-Only wine sales to great fanfare, welcoming in new clients from 29 different countries around the world. Two more successful Online-Only sales followed, including an Online-Only sale of rare wines and large formats direct from the cellar of legendary Chicago restaurant Charlie Trotter’s. 

To close the year, Christie’s London delivered its most valuable various-owners Wine sale yet, realizing £4,157,901 ($6,702,536) from its sale of Finest & Rarest Wines and Spirits, including Historic Cognacs from the Private Cellars of La Tour d’Argent and Finest Wines from Two Exceptional Private Collections. The top lot of the sale was a case of 12 bottles of Château Cheval-Blanc 1947 which sold for £126,500 ($203,918) – the top price ever achieved at Christie’s London for a case of standard-sized bottles.

“From start to finish, this has been a stellar year for wine sales at Christie’s globally. Our dedicated team of specialists worked hard to deliver strong, consistent results for our clients across the board, and we are delighted to finish the year ahead of all other competitors, with more than $90 million in auction sales,” noted David Elswood, International Head of Wine at Christie’s. “We look forward to all that 2013 will bring, as we continue to welcome in both new and established wine collectors worldwide through auction sales, private sales, and now an expanded roster of online-only wine sales.”

Sale

Lot

Description

Estimate ($)

Price Realized

Sale 2900

Hong Kong

62

Vosne-Romanée Premier Cru

« Cros Parantoux »—Vintage 1985

12 Bottles

Fine and Rare Wines: From the Private Cellar of Henri Jayer - Hong Kong, 10 February 2012

HK$800,000 - 1,000,000

HK$ 2,057,000

US$ 265,147

£ 167,851

€ 199,735

Sale 1392

Geneva

151

Château d'Yquem 1900-2000

Sauternes, 1er grand cru classé

92 bottles

Fine Wines - Geneva, 14 November 2012

SFr150,000 - 200,000

 

SFr230,000

US$ 243,828

£ 151,173

€ 182,871

Sale 2900

Hong Kong

57

Vosne-Romanée Premier Cru

« Cros Parantoux »—Vintage 1989

12 Bottles

Fine and Rare Wines: From the Private Cellar of Henri Jayer - Hong Kong, 10 February 2012

HK$380,000 – 480,000

HK$ 1,815,000

US$ 233,954

£ 148,104

€ 176,237

Sale 2900

Hong Kong

96

Richebourg Grand Cru—Vintage 1979

12 Bottles

Fine and Rare Wines: From the Private Cellar of Henri Jayer - Hong Kong, 10 February 2012

HK$600,000 – 800,000

HK$ 1,815,000

US$ 233,954

£ 148,104

€ 176,237

Sale 2970

Hong Kong

3646

Romanée-Conti – Vintage 2005

Domaine de la Romanée-Conti

12 bottles

Fine and Rare Wines: Vintage Burgundy Treasures from Europe - Hong Kong, 24 November 2012

HK$1,200,000-1,400,000

HK$ 1,694,000

US$ 219,712

£ 137,722

€ 170,078

Sale 2900

Hong Kong

91

Richebourg Grand Cru—Vintage 1985

2 Magnums

Fine and Rare Wines: From the Private Cellar of Henri Jayer - Hong Kong, 10 February 2012

HK$500,000 – 700,000

HK$ 1,694,000

US$ 218,357

£ 138,230

€ 164,487

Sale 5963

London

206

Château Cheval-Blanc 1947

12 bottles

CHRISTIE'S RECORD PRICE FOR A CASE OF STANDARD-SIZED BOTTLES

Finest & Rarest Wines & Spirits - London, 13-14 December 2012

£75,000 – 125,000

£ 126,500

US$ 203,918

€ 155,468

Sale 2900

Hong Kong

50

Vosne-Romanée Premier Cru

« Cros Parantoux »—Vintage 1997

6 Magnums

Fine and Rare Wines: From the Private Cellar of Henri Jayer - Hong Kong, 10 February 2012

HK$300,000 – 400,000

HK$ 1,573,000

US$ 202,760

£ 128,357

€152,738

Sale 2900

Hong Kong

98

Richebourg Grand Cru—Vintage 1978

3 Bottles

Fine and Rare Wines: From the Private Cellar of Henri Jayer - Hong Kong, 10 February 2012

HK$400,000 – 500,000

HK$ 1,573,000

US$ 202,760

£ 128,357

€152,738

Sale 2900

Hong Kong

 

53-53A

Vosne-Romanée Premier Cru

« Cros Parantoux »—Vintage 1993

12 Bottles

Fine and Rare Wines: From the Private Cellar of Henri Jayer - Hong Kong, 10 February 2012

HK$350,000 – 450,000

HK$ 1,452,000

US$ 187,163

£ 118,483

€ 140,989


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About Christie’s
Christie’s, the world's leading art business, had global auction and private sales in the first half of 2014 that totaled £2.69 / $4.47 billion, making it the highest half year total in Christie’s history. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Founded in 1766 by James Christie, Christie's has since conducted the greatest and most celebrated auctions through the centuries providing a popular showcase for the unique and the beautiful. Christie’s offers around 450 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie's also has a long and successful history conducting private sales for its clients in all categories, with emphasis on Post-War & Contemporary, Impressionist & Modern, Old Masters and Jewellery. Private sales in the first half of 2014 totalled £498.9 million ($828.2 million).

Christie’s has a global presence with 53 offices in 32 countries and 12 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, Hong Kong, Shanghai, and Mumbai. More recently, Christie’s has led the market with expanded initiatives in growth markets such as Russia, China, India and the United Arab Emirates, with successful sales and exhibitions in Beijing, Mumbai and Dubai.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and do not reflect costs, financing fees or application of buyer’s or seller’s credits.

Complete catalogue available online at www.christies.com or via Christie’s Mobile, iPhone, iPad and Android apps.
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