WINE

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Also see: Wine Events & Tastings

In 2012 Christie’s International Wine Department were again the leading auction house for wine by value and frequency of sales. We reported a global total of $90 million /£57 million/€68 million. With an unrivalled network of international sale centers that spans across three continents since the recommencement of sales in Asia 2008, the 2012 figure is the highest total ever achieved for this category at Christie’s.

Seventeen sales were held in Europe totaling $41 million/£26 million/€31 million. This year Christie’s London achieved a record price for a case of 12 bottles, selling Cheval Blanc 1947 at $199,870/£126,500/€151,800. European auctions in 2012 saw the continued success of the Hospices de Beaune sale with Christie’s LIVE™ real-time internet bidding. This historic sale made $7,779,119 £4,923,493/€5,908,192 with the President’s barrel selling for an outstanding price of $355,500/£225,000/€270,000. Our sale in Geneva on 14th November saw a rare vertical of Yquem from 1900 to 2000 sold for SFr.230,000 ($243,800 / €191,360).

Wine sales in Hong Kong have continued to be an extraordinary success in 2012, with revenue from our nine wine sales totaling HK$286.5 million/$36.9 million/£23.2 million. On February 10th we held the unprecedented auction of Fine & Rare Wines from the Private Cellar of Henri Jayer. This sale achieved a remarkable result, with 100% of the lots sold, exceeding pre-sale expectations and making HK$66,029,700/US$8,511,228/£5,388,024. The top lot was twelve bottles of Vosne-Romanée Cros Parantoux 1985 which sold for HK$ 2,057,000/US$265,147/£167,851. The autumn season sales on 24, 25, & 26 November sold an impressive total of wine worth HK$ 108 million/ $14 million/ £8.8 million.

Christie’s Americas held eight wine sales in 2012 achieving $10.8 million/£6.8 million /€8.2 million. In November 2012, The Magnificent Cellar of Charlie Trotter’s exceeded its high estimate, totaling a combined $1.14 million/£721,519/€865,822 with stellar sell-through rates of 98% by lot and by value. In addition, New York hosted three online wine auctions. This new venture has been a huge success, with online sales for 2012 totaling $1.2 million/£759,493/€911,392.

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