Wine collectors all over the globe are swooning over the highest estimated wine auction ever to be held will take place over the 29th to 31st of March. Sotheby’s is currently planning one of the wine market’s most anticipated events which will feature some 17,000 bottles all drawn from a single collector’s private cellar.
The auction house has estimated the total value of the 2704 lots at between US $19-$26 million and described the event as ‘the most significant single-owner wine sale ever held”. The owner, who has been nicknamed “The Transcendent Collector” by Sotheby’s, was guided by his passion for wine when building his cellar and chose to include many of the most famous name in the fine wine world.
Amongst the most prized lots on offer are over 250 lots of Domaine de la Romanée-Conti which cover five decades, more than 140 lots of Domaine Guigal from the Rhone Valley, and over 80 lots of Maison and Domaine Leroy. There are 600 plus lots of Domaine Coche-Dury which are thought to exceed the winery’s entire stock and a healthy 350 or so lots of Dom Perignon covering the whole range with a focus on the 1960s and 1970s vintages. In addition, Bordeaux will be strongly represented with Lafite 1961, Latour 1959, Mouton Rothschild 1945, La Mission Haut-Brion 1945 and 1959 all up for grabs.
The auction will take place in Hong Kong, reflecting the impressively strong and consistent growth of the Asian fine wine market and the growing demands in that corner of the world for the very finest wines. The event will be a rare opportunity for investors and collectors to acquire these legendary wines in impeccable condition and in significant quantities.
The three-day Transcendent Wines sale also sends a clear signal that fine wine investment is a serious alternative to more traditional investments and can offer excellent long-term returns. Fine wine investors around the globe will be watching the results of the auction to gauge the strength of the market, and with the current insatiable appetite for mature wines from the top estates bidding is expected to be fierce for the most sought-after lots on offer.Back Home