Wine Auction at Sotheby's Hong Kong Makes History as a Baron's Tipple Fetches $8.4 Million
Wine Auction at Sotheby's Hong Kong Makes History as a Baron's Tipple Fetches $8.4 Million
Nov 1, 2010 6
Three bottles of Château Lafite Rothschild 1869 became the most expensive wine ever to be sold at auction when they fetched HK $1,815,000 ($232,692) per bottle in Hong Kong on Saturday night, three times the high presale estimate of HK $65,000. All three bottles were sold by phone to a single Asian bidder whose coup was the highlight of the all-Lafite sale by Sotheby's at which every one of the 284 lots was sold. The auction brought in an extraordinary total of HK $65.5 million ($8.4 million), tripling the high estimate of HK $20 million, and confirming Asia's status as the up-and-comer of the global fine wine market.
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