(March 29, 2012; Hong Kong) – The Spring 2012 Auction, held by Spectrum Wine Auctions LLC of Irvine, Calif., continued to put the strength of the Hong Kong market on display by realizing an impressive sale total of US$4,495,664 (HK$34,841,396) and 1539 lots sold on March 23 and 24, 2012 at the Grand Hyatt Hotel, Hong Kong.
While on-site the room was packed with frenzied bidders looking to take home the world’s finest Bordeaux, Burgundies and other rarities. Perhaps even more interesting was the huge phone and online contingent of bidders from around the globe, chasing these finest of wines. In addition to offering such legends as Chateau Latour, Domaine de la Romanée-Conti Assortment Cases and Screaming Eagle, auction attendees were presented with complimentary tastes of wines, including 1982 Chateau Lafite Rothschild, 1996 Domaine de la Romanée-Conti Echezeau and 1989 Bruno Giacosa Barbaresco Riserva Santo Stefano.
The Spring 2012 Auction continues to reinforce that Hong Kong remains in its leadership position as the best place for live wine auctions, shattering five existing records in just two days. Astonishing new records include 12 bottles of 1996 Domaine de la Romanée-Conti Richebourg at US$19,120 (HK$148,464), six magnums (1.5L) of 2001 Chateau d’Yquem at US$10,755 (HK$83,513), 12 bottles of 2005 Rousseau Chambertin at US$23,900 (HK$185,583), 12 bottles of 2005 J.F. Mugnier Musigny at an astonishing US$41,825 (HK$324,771) and 1997 Solaia setting a new world record per bottle at US$458 (HK$3,556).
“While we are thrilled with the records set at our Spring 2012 Auction in Hong Kong, we are especially proud of the quality of the Spectrum Wine Auction experience for both our consignors and our bidders,” said Spectrum Wine Auctions president Jason Boland.
The Spring 2012 Auction Highlights:
- Lot 1812: 12 bottles of J.F. Mugnier Musigny 2005 at US$41,825; HK$324,771 (estimate US$25,000; HK$200,000)
- Lot 1211: 12 bottles of Rousseau Chambertin 2005 at US$23,900; HK$185,583 (estimate US$14,000; HK$110,000)
- Lot 1783: 12 bottles of Domaine de la Romanée-Conti Richebourg in original wooden case at US$19,120; HK$148,464 (estimate US$12,000: HK$93,000)
- Lot 479: six magnums (1.5L) of Chateau d’Yquem Ex-Chateau, direct release from Chateau d’Yquem at US$10,755.00; HK$124,420 (estimate US$6,500; HK$50,000)
- Lot 1210: four bottles of Rousseau Chambertin 2005 at US$9,560.00; HK$74,233 (estimate US$4,500; HK$34,000)
- Lot 160: three bottles of Gentaz Dervieux Cote-Rotie Cote Brune Cuvee Reservee 1989 at US$4,780; HK$37,117 (estimate US$1,000; HK$7,750)
- Lot 1834: three bottles of J.F. Mugnier Chambolle Musigny Les Amoureuses at US$4,481; HK$34,794 (estimate US$2,750; HK$21,000)
- Lot 404: two magnums (1.5L) of Solaia 1997 in original wooden case, direct from the cellars of Solaia at $2,151; HK$16,702 (estimate US$1,200; HK$9,300)
- Lot 369: one magnum (1.5L) of Dal Forno Amarone 1990 at more than twice the estimate US$1,434; HK$11,135 (estimate US$500; HK$3,900)
Total hammer: US$3,762,062 (HK$29,155,981)
Total aggregate: US$4,495,664 (HK$34,841,396)
Percent sold by lot: 86% sold (1539 out of 1800 lots)
- Americas: Amanda Keston +1 949 748 4845
- Asia: Powell Yang +1 949 748 4845
Spectrum Wine Auctions Upcoming Live Auction Calendar:
- The Summer 2012 Auction, June 22 and 23, 2012, Hong Kong
About Spectrum Wine Auctions
Following in the grand tradition of its sister auction companies, Spectrum Wine Auctions is a subsidiary of Fortune 500 Company Spectrum Group International, Inc. (SPGZ:PK), a consolidated global collectibles network. The company is a leading auctioneer of stamps, coins, and other memorabilia, targeting both collectors and dealers. Building a strong financial foundation, Spectrum Group International is also a merchant/dealer of certain collectibles and trader of precious metals. The company's collectibles offerings range from the modest to ultra high-end in value and span the globe. Spectrum Wine Auctions also conducts semimonthly online auctions through www.spectrumwine.com. The company offers competitive incentives for consignors, including 30-day payouts in full for all lots sold regardless as to whether the firm has collected from each buyer, and the ability to consign both highly-collectible and commonly found wines.
Backed by many decades of auction expertise and driven by a team of dedicated wine specialists and enthusiasts, Spectrum Wine Auctions is committed to offering buyers and sellers alike the most accessible and expansive auction opportunities of what is simply the world’s greatest consumable and collectible product—wine. For more information on Spectrum Wine Auctions, please call at 949.748.4845 or visit www.spectrumwine.com.