ZACHYS SELLS RESOUNDING 91% OF LOTS AT HOLIDAY WIN

The Holiday Auction finished up a busy and successful year of globe-trotting for Zachys Wine Auctions. In 2008 the house held fourteen sales in five locations – New York, Los Angeles, Hong Kong, Las Vegas and La Paulee de San Francisco – more than any other auctioneer. These many auctions included two evening sales, a spectacular single-cellar offering and the debut of three new venues, including the first overseas venture for Zachys, the first ever commercial wine auction in Las Vegas, and the first Burgundy-only auction in conjunction with Daniel Johnnes’ La Paulee. Overall, nearly 94% of 19,242 offered lots sold, for a total of $47,742,434.

Perhaps in response to a need for alternative commodities, prices for 2000 and 2005 vintage Bordeaux were among the highest at The Holiday Auction. Chateau Petrus held five of the top ten spots, with two lots containing six magnums each of 2005 Chateau Petrus (Lots 612 & 613) selling for $38,400 each and eleven bottles of 1989 Chateau Petrus (Lot 1734) selling for $42,000 (a historically high price even for a full case). Bottles of 2005 Chateau Petrus outshone their larger siblings, with six going for $21,600 (Lot 714). That other famed Pomerol, Chateau Lafleur, held its own in the unstable market as well; six magnums of the 2000 vintage sold for $18,000 (Lot 1279), just after two cases of twelve bottles of the same sold for $15,600 each (Lots 1277 & 1278).

Bidders were able to take home some holiday treats, too: a dozen bottles of Chateau d’Yquem 1967 complete with gift wrap in the form of original wood case (Lot 1398) sold for $13,200, followed by four cases of half-bottles (375ml) of Chateau d’Yquem 2001 which sold for $8,400 each (Lots 1406-1409). The perennial party favorite Dom Perignon Rose had a strong showing, with two dozens of the 1996 Dom Perignon Rose selling for $3,840 per case (Lots 625 & 626) and three magnums of 1985 Dom Perignon Rose now destined to ring in the New Year for a price of $3,600 (Lot 1840).

Zachys’ President Jeff Zacharia commented, “The results of Zachys’ last auction of 2008 are a strong end to what has been a terrific year. As the market has fluctuated over the past few months, we have seen our pool of bidders and buyers increase and strengthen – a testament to the personalized customer service to which Zachys is committed. These relationships have ultimately resulted in steady prices and high percentages sold at our auctions, and we thank all of our clients for their continued support. The Zacharia family and the whole Zachys enterprise wish everyone a happy and healthy holiday season.”

Zachys is a third-generation family-owned business based in Scarsdale, NY, whose holdings include Zachys Wine & Liquor, New York Fine Wine Storage and Zachys Wine Auctions. Contact Zachys Wine Auctions at 914.448.3026 for further information. Zachys begins 2009 with The Winter Auction on January 22 and 23 at DANIEL in New York, then heads West for The Las Vegas Auction on February 27. March 6, 2009 will mark the second Burgundy-only auction in conjunction with Daniel Johnnes’ La Paulee in New York, followed by The Early Spring Los Angeles Auction on March 20 and 21 at The Peninsula, Beverly Hills. For information on buying or consigning in any of these upcoming sales please contact an auction specialist at 914.448.3026. 

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