Sotheby’s raises a glass after record-breaking auction

A drinks sale held at famous auction house Sotheby’s has been hailed as the biggest in the house’s history, with 97 per cent sold by lot, 99 per cent by value, raising a total of £2.76 million.

Sales of burgundy wines were the big hit at the event while the top lot, comprising of three bottles of Henri Jayer Vosne-Romanée, Cros Parantoux 1990, selling to an Asian buyer for £42,300, way above the high estimate of £14,000.

Other successes from the auction, cited by Sotheby’s included a Krug Collection 1928 which sold for £14,688 as well as a magnum of Krug 1937, selling for £12,338.
“We are particularly pleased that these great wine collections attracted buyers from around the world, including new clients who loved the quality and diversity of these stunning cellars,” said Serena Sutcliffe a Master of Wine at Sotheby’s.
“There was excitement in the room as bids ricocheted between the telephones and the internet, both facing a very high proportion of bids received before the sale,” she added.
Sotheby’s will be hoping that the their next sale in New York on 28th April is in similarly sparkling form, given that it includes Cheval Blanc and Yquem collections direct from house cellars.

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