InvestSMART

Wine draws record price

HONG KONG. A 300-bottle collection of Chateau Lafite-Rothschild, spanning every year from 1981 to 2005, fetched $HK4.2 million ($A500,000) at the start of a two-day Hong Kong auction estimated to raise as much as $US8.3 million ($A7.7 million).

HONG KONG. A 300-bottle collection of Chateau Lafite-Rothschild, spanning every year from 1981 to 2005, fetched $HK4.2 million ($A500,000) at the start of a two-day Hong Kong auction estimated to raise as much as $US8.3 million ($A7.7 million).

The price, including fees, made it the most expensive single lot of wine auctioned this year, London-based auction house Christie's said.

The 25 cases of the Bordeaux first- growth, said to have been kept in pristine condition, sold to an absentee bidder. The price was below its pre-sale high estimate of $HK4.5 million as a slump in financial markets made some bidders hesitant. The region's stocks have had their biggest monthly slump since May 2010.


Join the Conversation...

There are comments posted so far.

If you'd like to join this conversation, please login or sign up here

Related Articles