Sotheby’s set an early 2015 record with the sale of a single-owner wine sale for HK$56 million (about 7.225 million USD). Not only was this the highest grossing sale of 2015, so far, it also set some other high bars.
- 6th largest sale in Sotheby’s history
- 4th largest single-owner wine sale
- Leading sale of the year globally
Sotheby’s achieved a 100% sale of the collection with 50% of the lot exceeding their estimates. Burgundy represented around 75% of the total value of the wine collection. One of the key components of the collection were 800 bottles of Champagne which Robert Sleigh referred to as, “one of the best collections of Champagne to ever come to Asia.”
Not all collectors are as lucky as the collector that sold his collection in HK. Some collectors fall victim to many of the crucial concerns with storing wine. For example, if a portion of the collection had not been stored on its side the corks could become dry and let in air, spoiling the wine and their price at auction.
Wine insurance is another factor when investing in wine. Not having proper protection leaves the collection subject to spoilage from temperature fluctuations, or humidity changes or even theft, as seen at The French Laundry. Find out more about protecting your collection at our policy details page. If you would like to apply for a quote please fill out the following application.