Christie's NY: Two Wine Sale Results Christie's New York conducted two wine auctions across the weekend - a single-owner Evening Sale on Friday, and a day sale Saturday. Combined, the auctions totaled $3.54 million.
News-Antique.com - Mar 23,2008 - Christie's New York conducted two wine auctions across the weekend - a single-owner Evening Sale on Friday, and a day sale Saturday. Combined, the auctions totaled $3.54 million, and the results from the Friday night Superlative Modern Cellar were particularly robust, with the sale 99.8% sold by value, 99.4% sold by lot.
Highlights from a Superlative Modern Cellar (Friday Evening Sale)
Fine Wines and Spirits (Saturday Day Sale)
New York – Friday and Saturday, 14 & 15 March, 2008
Sale no: 2118 & 2078 – Top Ten
Sold: $3,538,512 £1,743,109 €2,253,829
Lots Sold: 708 Lots Offered: 808 Sold by Lot: 88% Sold by $: 96%
Exchange Rate: £ = $ 2.03 / € = $ 1.57
Richard Brierley, Head of Wine Sales, Christie’s Americas, says: “On Friday night, we took the temperature of the international fine wine market and the diagnosis was resoundingly healthy, with 99.8% sold by value, 99.4% sold by lot. NYWines Christie's provided the sternest test so far this year of the fine wine auction market with 173 lots of blue-chip Bordeaux largely presented in original wooden cases. The results demonstrate continuing global interest in fine and rare wines sourced from exceptional provenance. On Saturday, we continued with our 635-lot day sale, where we continued to see strong demand both at the top, and in the middle of the market, with 91% of the sale sold by value. In both sales, bidders competed from all four corners of the globe, and we noted particularly strong online Christie’s LIVE™ participation from Hong Kong on Friday evening. We now look forward to our April 26 First Growth Bordeaux from an Exceptional Private Collection auction in New York.”