
In 2008 Christie’s International Wine Department reported a global total of $50,665,602/₤32,702,441/€41,080,927, the third highest annual total on record. With an unrivalled network of international sale centers that now spans across three continents with the recommencement of Asia sales this year, the 2008 figure sets the department firmly at the front of the international wine auction market. The global total includes private sales of $1,898,068/₤1,224,560/€1,542,849.
Twenty-five sales were held in Europe totaling $27,660,514/₤17,845,493/€22,483,928, with London reporting 10% auction sales growth over 2007. The top lot of the year was a 20 case superlot of 1986 Château Mouton-Rothschild that sold at London King Street in May for ₤112,700. European auctions in 2008 saw the continued success and growth of the Hospices de Beaune sale with Christie’s LIVE™ real-time Internet bidding, and in London, a September auction focused solely on the famed Bordeaux 2000 vintage. The first wine sale ever devoted to a single bottled vintage, the auction totaled ₤1,654,775 and was 98% sold by value.
Christie’s Americas held 12 sales in 2008 totaling $17,038,644/₤10,992,674/€13,849,910. The top lot of the year was sold in Los Angeles in October, six bottles of 1961 Hermitage La Chappelle that realized $60,000, sourced directly from the Jaboulet cellar.
The November wine auction, which opened Christie’s Autumn 2008 Hong Kong sales season, totaled $4,068,376/₤2,639,714/€3,204,240, with 94% of all lots selling, and 60% of those above their pre-sale high estimates. The sale presented an exceptional range of wines, including 127 lots sourced directly from Château Latour which were 98% sold. Plans are now underway for two major wine auctions at the Christie’s Asia auction hub in 2009.
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