300 bottle collection of Chateau Lafite grabs record price at Hong Kong sale
on 05/09/11 at 5:22 pmWine
The collection spanning 1981 to 2005 was knocked down for HK$4.2 million ($539,250) at Christie’s two-day Autumn wine sale, which is expected to rake in over $5 million in sales, the auction giant said late Saturday.
The record price, below a HK$4.5 million pre-sale estimate, was “the highest value lot achieved at any wine auction worldwide this year,” Christie’s said.
Prices for Chateau Lafite Rothschild have reportedly soared as much as twelve-fold over the past decade as the prestigious brand — and other labels from Bordeaux — lure in wealthy Chinese buyers.