Fine Wine Records Tumble at Auctions Worldwide

Brisk activity in the November auction market has seen a number of records broken around the world. Private buyers are feeling bullish and at Sotheby’s in London a 6 bottle case of 1963 Quinta do Noval Nacional fetched a record price for port of $37,000, which was more than triple the pre-sale estimate. Top Burgundy also sold well.

In New York the Sotheby’s highlight was the sale of the James H.Clark collection for $2.5 million. He is an entrepreneur and computer scientist who amongst other companies founded Netscape which allowed him to amass an amazing fine wine collection including a methusaleh of 1986 DRC Montrachet which sold for $42,875. Across town at Acker Merrill 21 world records were broken for champagne with the highlight being a case of 1985 DRC Richebourg which achieved $34,580.

In Hong Kong more records were broken for Burgundy with an Acker Merrill sale that included a 2003 magnum of DRC’s Romanee-Conti fetching $28,677. Finally a celebration of Bordeaux sale by Hart Davis Hart saw a case of 1982 Petrus sell for $53,775. For more detail please click on link.

http://www.wine-searcher.com/m/2014/11/records-smashed-as-wine-buyers-splash-out