Sotheby's Hong Long Sale of the Bordeaux Collection from SK Networks Achieves US$ 10 Million in 1.5 Hours

The First Art Newspaper on the Net    Established in 1996 Wednesday, July 3, 2024


Sotheby's Hong Long Sale of the Bordeaux Collection from SK Networks Achieves US$ 10 Million in 1.5 Hours
The extraordinary success of two remarkable sales of contrasting styles is a testament to Sotheby’s Asia’s breadth and depth of clients, reaching out to both experienced collectors competing for the ultimate trophy wines and relatively younger collectors aggressively building up their cellars. Photo: Sotheby's.



HONG KONG.- Following the phenomenal success of last night’s historical sale of Lafite Ex Cellars spanning 140 years of wine excellence (sales total: HK$65.5 million / US$8.4 million; pre-sale high estimate: HK$20 million / US$2.5 million), today’s sale of The Bordeaux Collection from SK Networks is a sheer statistical triumph, marked by the huge quantity available in parcels for stellar young vintages from exceptional châteaux. The large parcel format of our offering proved extremely effective. Buyers responded enthusiastically with aggressive parcel bidding, achieving a stunning HK$79 million / US$10 million for 624 lots in 1.5 hours, HK$53 million / US$6.7 million per hour and 83 bottles per minute.

The extraordinary success of two remarkable sales of contrasting styles is a testament to Sotheby’s Asia’s breadth and depth of clients, reaching out to both experienced collectors competing for the ultimate trophy wines and relatively younger collectors aggressively building up their cellars.

Serena Sutcliffe M.W., Head of Sotheby's International Wine Department said: “This was a starry sale dominated by First Growths in real quantity. The speed of the sale testified to the thirst of the Asian market for the very best wines, which we shall continue to source from the most desirable collections.”

S.H. Kang, Head of Wine Business, SK Networks, commented after the sale: “We believe that Hong Kong will continue to grow as a hub of the global fine wine market. SK Networks Wine Business is happy to provide Asian collectors with fine wine in pristine condition through Sotheby’s auctions. We shall continue to deliver perfect wines to satisfy market needs.”

* Pre-sale estimates do not include buyer’s premium





Sotheby's | Serena Sutcliffe M.W. | S.H. Kang | The Bordeaux Collection |





Today's News

October 31, 2010

Sotheby's Presents Highlights from Its Autumn Sales of Impressionist & Modern Art

Exhibition at the Jewish Museum in New York Delves into Life and Legend of Houdini

Martin Scorsese Foundation Helps Restore Federico Fellini's "La Dolce Vita"

Exhibition of Photographs by William Eggleston at Edward Cella Art + Architecture

Drift 10: London's Biennial Art Exhibition to Transform the River Thames

Iconic Cycladic Marble Reclining Female Figure to Be Offered for the First Time Ever at Auction

Antik A.S. Auction in Istanbul Features Masterpieces from Modern Turkish Art

Adam Helms Explores Masking and Identity in New Show at Marianne Boesky Gallery

The Egypt Experience: Secrets of the Tomb Opens at The Toledo Museum of Art

From Panini to Zandomeneghi in the Milan Old Master & 19th Century Paintings Sales

Major Exhibition of Video-Animation, Painting, and Sculpture by Federico Solmi at Conner Contemporary

Five in Istanbul: A Selection of Artists from Lehmann Maupin Gallery Exhibit at Borusan Müzik Evi

SFMOMA to Present Exposed: Voyeurism, Surveillance and The Camera Since 1870

The National Portrait Gallery Presents "Hide/Seek: Difference and Desire in American Portraiture"

Sotheby's Hong Long Sale of the Bordeaux Collection from SK Networks Achieves US$ 10 Million in 1.5 Hours

Thomas Eller Opens First Show in Berlin After Receiving the Kathe-Kollwitz-Price of the Academy of Arts in 2006

Awards Announced at Sculpture by the Sea Bondi 2010 Opening Night Party

Human Bones Dating to 1800s Found in San Francisco




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez
Writer: Ofelia Zurbia Betancourt

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful