Record Price Set for Wine at Auction in Hong Kong

  • October 06, 2014 22:23

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DRC 'superlot' brings $1.6 million, a record price for wine at auction, on Oct. 4 at Sotheby's in Hong Kong.

An Asian-based buyer picked up the most expensive lot of wine ever sold, with 114 bottles of Burgundy garnering HK$12,556,250 ($1.6 million) on Oct. 4 in Hong Kong, according to Sotheby's.

The 'superlot' of DRC Romanee-Conti contained six bottles each of 19 vintages made from 1992 to 2010. They sold for the equivalent of $14,121 a bottle or $1,700 per glass.

The previous record for a single lot of wine was $1.05 million for 50 cases of Bordeaux Chateau Mouton Rothschild 1982, sold at Sotheby's in New York in 2006.

"The Romanee-Conti Superlot presented a once-in-a-lifetime opportunity to acquire an unprecedented quantity of the world's most desirable wine," Robert Sleigh, head of Sotheby's Wine in Asia, said in a statement.

Netscape founder James Clark parted with a 66-magnum collection of Henri Jayer in the sale for $1.1 million, or $16,000 per bottle. 

The sale total was HK$45.7 million, 90% sold by lot with 50% of lots selling for over their high estimates.

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