Sotheby’s inaugural wine auction in France exceeds estimate at 1.3 million euros – .

Sotheby’s inaugural wine auction in France exceeds estimate at 1.3 million euros – .

Sotheby’s inaugural wine sale in France was a rare ‘white glove sale’, selling all lots and crushing its pre-sale estimate to 1.3 million euros – including a world record for any methuselah from the Domaine de la Romanée-Conti.
The sale of an exceptional private collection of wines from one of the most prestigious estates in Burgundy, estimated at € 685,000 and € 906,000, has sold out at 100%.

The collection includes 25 lots, covering vintages from 1998 to 2011 – all acquired directly from the estate upon release. It included rare and coveted cases in a variety of bottle sizes, including a wide range of extremely rare Mathusalems. The high point of the sale, the Mathusalem de la Romanée-Conti 2000 sold for € 350,000 ($ 404,600), nearly double its high pre-sale estimate (est. 140,000-180,000). €), setting a new world auction record for all Mathusalem from Domaine de la Romanée-Conti.

All 25 lots fetched prices above their high estimates.

Amayès Aouli, Head of Auctions for Continental Europe, Sotheby’s Wine, said the exceptionally strong results from the inaugural France wine sale were a remarkable way to kick off Sotheby’s regular series of sales in France.

“It also demonstrates that our fourth major international hub will provide our customers with easy access to the global market and an opportunity for buyers to acquire the rarest bottles with excellent provenance,” he said.

“This sale saw the highest level of demand from around the world with European, Asian and American buyers strongly represented. This collection ranks alongside the many prestigious wine collections from European private collectors that we have brought to the market over the years.

The auction house announced the opening of a new auction center in France last September.


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