SOTHEBY’S WINE HAS SUPERB RESULTS FOR FIRST HALF OF 2009 Sales Total $19,213,680 / £12,821,525 in New York, London and Hong Kong -Each Sale Exceeded the High Estimate – Debut Sale in Hong Kong Nearly Doubled High Estimate
$5,633,953 Est. $3.7/4.7 million 97.1% sold by lot 98.4% sold by value
Hong Kong $6,400,373 Est. $2.5/3.6 million 100% sold by lot 100% sold by value
TOTAL $19,213,680 Est. $10.8/14.8 million 96.9% sold by lot 99.0% sold by value
In addition to beginning regular sales in Hong Kong this spring, for the first time ever, Sotheby’s offered clients the combination of online bidding with a live audio and video feed in its June 13 New York sale. The new bidding format was met with an extremely enthusiastic response among clients from all around the world. Online bidders purchased 17% of the lots sold, and bid on 41% of the lots offered for sale, competing for wines at all price levels. Some of the sale’s top buyers participated online, including the sixth largest buyer by value. Asian clients continue to be a strong presence in all three Marketplaces, as seen in an analysis of buyers by region and buyers of top lots by region.
Buyers by Region (by value)
NY HK London Worldwide
North America: 56.4% 0.0% 4.3% 23.0%
Asia: 31.1% 100% 40.9%* 56.5%
South America: 6.4% 0.0% 0.4% 2.56%
Europe: 6.1% 0.0% 54.4% 17.95%
*includes Middle East
Top 100 Lots by Region (by value)
NY HK London Worldwide
North America: 42.9% 0.0% 6.6% 5.7%
Asia: 48.9% 100% 53.2%* 88.2%
South America: 5.2% 0.0% 0.0% 1.7%
Europe: 3.0% 0.0% 40.2% 4.4%
includes Middle East Attachments: Table of 2009 Worldwide sale results
