SOTHEBY’S NEW YORK SALE OF MAGNIFICENT WINES BROUGHT $3,833,171 Today at Sotheby’s, Aulden Cellars-Sotheby’s single-owner sale, Magnificent Wines from the Warren A. Stephens Collection, brought $3,833,171
News-Antique.com - Nov 19,2007 - PROCEEDS OF THE SALE TO BENEFIT THE EPISCOPAL COLLEGIATE SCHOOL
IN LITTLE ROCK, ARKANSAS
New York, New York, November 17, 2007 – Today at Sotheby’s, Aulden Cellars-Sotheby’s single-owner sale, Magnificent Wines from the Warren A. Stephens Collection, brought $3,833,171 (est. $2.4/3.6 million*), with an average lot value of over $7,000. Highlighting the sale, which comprised 4,765 bottles of Bordeaux and Burgundy, including 424 large format bottles, was a case of 1990 Château Petrus and one Jeroboam of 1982 Château Petrus, which sold for $47,800 each (estimated to sell for $30/50,000 each) to an Asian Private collector and a European Private collector, respectively. The proceeds from the sale will benefit the Episcopal Collegiate School in Little Rock, Arkansas.
Jamie Ritchie, Head of Sotheby’s Wine department in North America, said: “We are delighted to have achieved such a strong result, with the sale total exceeding the high estimate, for both Warren Stephens and the Episcopal Collegiate School in Little Rock, which will benefit from the proceeds from this sale. The auction was nearly 100% sold (with only two lots not selling), with bidders from Asia, Europe and North and South America competing over the telephone and in the salesroom. This sale brings total sold worldwide this year to over $42 million, with two more auctions to come.”
Highlighting the top lots was a wide selection of 2000 Bordeaux, including 12 bottles each of Lafite Rothschild which sold for $14,340 (lot 88, est. $7/10,000), Latour, which realized $11,352 (lot 130, est. $6,500/8,500), Mouton Rothschild, which also brought $11,352 (lot 165, est. $5/8,000), Margaux, which achieved $13,145 (lot 226, est. $8/12,000), and Haut-Brion, which sold for $9,560 (lot 266, est. $4/7,000). Also well-represented were 1982 Bordeaux, including 12 bottles each of Latour, which sold for $26+,888 (lot 148, est. $12/20,000), Lafite Rothschild, which brought $26,888 (lot 117, est. $15/25,000), and Cheval Blanc, which realized $20,315 (lot 81, est. $12/20,000).Among the large-format bottles in the top lots were one Jeroboam of 1961 Latour, which achieved $44,813 (lot 161, est. $25/45,000), one Imperial of 1989 Haut-Brion which sold for $19,120 (lot 319, est. $9/15,000), and, from California, one Magnum of 1995 Screaming Eagle, which realized $11,950 (lot 537, est. $4/7,000).
Highlights of Red Burgundy featured lots from Domaine de la Romanée-Conti, including 12 bottles of 1996 La Tâche, which sold for $19,120 (lot 475, est. $12/20,000), 3 bottles of 1985 La Tâche, which brought $11,950 (lot 477, est. $10/15,000), one bottle of 1999 Romanée-Conti, which achieved $9,560 (lot 478, est. $5/7,500) and three bottles of 1985 Romanée-Conti, which realized $29,875 (lot 480, est. $20/30,000)
Warren A. Stephens
Warren A. Stephens, Chairman, President and Chief Executive Officer of Stephens Inc. is a graduate of Washington and Lee University in Lexington, Virginia, where he received his BA in economics. He later received his MBA from Wake Forest University. He began his investment-banking career as an associate in the Corporate Finance Department at Stephens Inc. Previously, he was Senior Vice-President of the Stephens Inc. Capital Market Group.