ZACHYS EXPLODES INTO 2013 WITH A SELL THROUGH RATE OF 98% FOR
FINEST AND RAREST:
TREASURES FROM THE CELLAR OF A DISTINGUISHED GENTLEMAN PART III
HONG KONG, January 14, 2013 — Zachys Asia rang in the New Year with its first Hong Kong auction of 2013 this past weekend, attracting crowds of enthusiastic wine lovers to the Mandarin Oriental, Hong Kong on 11 January 2013 and the JW Marriott, Hong Kong on 12 January 2013. The two day auction resulted in total sales of HK$36,040,358/ US$4,650,396.
The New Year auction weekend started with Finest and Rarest: Treasures from the Cellar of A Distinguished Gentleman Part III on Friday evening. This knockout collection in pristine condition with excellent provenance and documented storage history achieved a 98% sell through rate with a total of HK$14,976,115 / US$1,932,402.
Among the highlights was the ultra rare 12 bottle lot of Chevalier Montrachet Domaine d'Auvenay 1993 (only 73 cases of this wine were ever produced) which sold for HK$116,375 / US$15,016 against an estimate of HK$60,000-95,000 / US$8000-12,000.
The New Year Auction on Saturday provided an opportunity to bid on many highly rated and revered wines. Thrilling Classic Bordeaux From The Collection Of An Astute Connoisseur (Lot 699 - 710) provided much excitement with bidding on one full modern chateau wood case of Chateau Cheval Blanc 1947 (Lot 710) bringing in a whopping HK$1,225,000/ US$158,065. Six magnums (1.5L) of Chateau Montrose 1982 (Lot 609) featured in Magnificent Bordeaux From The Collection of Graham Lyons (Lot 595 – 618) recorded a hammer of HK$36,750/US$4,742 against an estimate of HK$15,000-22,000/US$1,900-2,800.
Zachys Asia Managing Director David Wainwright commented, "We continue to enjoy almost fanatical support here in Asia. We had around 250 people at the Mandarin on Friday evening where we offered Part III of Finest & Rarest which sold at 98%. Bordeaux and Burgundy led the way with some super strong prices. On Saturday, the extravaganza continued at the JW Marriott with another full room and frenetic bidding throughout the day. Great wine, great provenance, and fair pricing have clearly been the keys to our continued success here in Hong Kong. There are several exciting projects in the works for Zachys Asia coming up in the near future so stay tuned!”
Zachys is a third-generation family-owned business based in Scarsdale, New York, whose holdings include Zachys Wine and Liquor, New York Fine Wine Storage, Zachys Wine Auctions and Zachys Asia Fine Wine. Contact Zachys Auctions at 2530 1971 (+1 914 448 3026 in the US), or visit www.zachys.com/auctions for further information. Zachys’ next live auction will be The La Paulée Auction in New York on March 7th and 8th,.
* All prices inclusive of a 22.5% buyer’s premium
Lots offered: 1,195
Percent sold: 92%
Price with buyer’s premium: HK$36,040,358/ US$4,650,396
* Conversion rate: US $1 = HK $7.75
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