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Sotheby’s first wine sale raises £1,674,810

By Amber Rolt on 24/09/14 10:00 AM

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Sotheby’s first wine sale raises £1,674,810

By Amber Rolt on 24/09/14 10:00 AM

London auction house Sotheby’s first wine sale of the autumn season generated a grand total of £1,674,810, exceeding its estimated target of £1.67 million.

The highest selling lot was a a two-magnum offering of Château Pétrus 1945 which brought £47,000, well above its top end £24,000 estimate. The second top lot was a five-magnum lot of La Tâche 1971 went for £44,650, also exceeding its pre-sale estimate of £15,000.

This weeks auction was part of a two day sale, and marks a very successful start to the beginning of the autumn wine season. There was fierce competition for the lots on offer, with international bidders competing both over the phone and online.

There were a total of 106 lots on offer, and all lots received competitive bidding which helped to exceeded the expected amount.  There will be another auction in New York later this month, and then the auction will head to one of the world’s most fast excelling wine markets – Hong Kong.

Other highlights included a magnum of Château Pétrus 1947 which went for £25,850, beating its £15,000 estimate, and a nine-bottle lot of La Tâche 1971 Domaine de la Romanée-Conti which sold for £22,325.

To find out more about Sotheby’s wine auctions and to have a look at the lots on offer, then head to their website. The next auction in London will be held on October 22.