Romanee-Conti Lifts Sotheby's $13.8 Million Hong Kong Wine Sale

on 04/10/10 at 6:17 pm

Wine

Burgundy’s Domaine de la Romanee- Conti led Sotheby’s two-day wine sale in Hong Kong, where Asian buyers branched out from top Bordeaux labels like Chateau Lafite Rothschild to extend their dominance in the global wine market.

The auctions tallied HK$107 million ($13.8 million) including fees, a record for Sotheby’s in the city, which may overtake New York this year as the world’s biggest wine-auction market. All 1,366 lots were sold, Sotheby’s said. The presale high estimate for the two days was HK$74 million.

“The Asian buyers who are driving the international wine market right now are broadening their horizons,” auctioneer Robert Sleigh, Sotheby’s head of wine for Asia, said in an interview after the sale. “We’ve now had something like 6,000 consecutive lots sold in almost 2 years in Asia. I’ve never seen anything like that” said Sleigh, who has worked in the auction house’s wine department for 14 years.

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