22 Nov 2012
Romanée-Conti led Bonhams Fine & Rare Wines, Cognac and Single Malt Whisky Auction on 21 November at the Island Shangri-La in Hong Kong with seven of the top eight lots coming from this iconic Burgundy domaine. A case of the 1988 vintage made HK$1,047,200 (£84,686) and six bottles of the 1995 vintage achieved HK$511,700 (£41,380).
These seven lots of Romanée-Conti all came from a private European collector. "The results show that buyers are prepared to pay top prices for the best wines with excellent provenance. Romanée-Conti is now clearly established as one of the most sought after wines in Asia," said Richard Harvey, Bonhams' Master of Wine.
Bottle number 8 of the Glenfiddich Janet Sheed Roberts Reserve 1955-55-year-old sold in aid of Operation Smile China Medical Mission went for HK$452,200 (£36,564), above its estimate of HK$360,000 – $420,000 (£29,000 – 34,000). The amount achieved will go a long way in providing free surgery and post operative care to needy children and young adults in China born with a cleft lip or cleft palate and help them regain their smiles in order to live healthy, normal lives.
Since Bonhams started auctioning single malt whisky in Hong Kong in November 2009, sales of this liquid gold have gone from strength to strength. A bottle of Glenlivet 70 Years Old, distilled in 1940 sold for HK$202,300 (£16,358). Bonhams regularly sells single malt whisky in Hong Kong, Edinburgh and New York and leads this auction category.
Overall, the sale totalled HK$14 million (£1,133,000), with 87% sold by lot and value.
"This result shows that the market in both wines and spirits is starting to regain the strength shown in 2009 and 2010. With limited supply of top quality wines such as Romanée-Conti available in the market, it is no surprise that buyers have come back to secure iconic bottles. We also noted an increase in the percentage of new registrants for this sale," added Richard Harvey.
NOTES FOR EDITORS
Bonhams, founded in 1793, is one of the world's largest auctioneers of fine art and antiques. The present company was formed by the merger in November 2001 of Bonhams & Brooks and Phillips Son & Neale. In August 2002, the company acquired Butterfields, the principal firm of auctioneers on the West Coast of America. Today, Bonhams offers more sales than any of its rivals, through two major salerooms in London: New Bond Street and Knightsbridge; and a further three in the UK regions and Scotland. Sales are also held in San Francisco, Los Angeles, Carmel, New York and Connecticut in the USA; and Germany, France, Monaco, Hong Kong and Australia. Bonhams has a worldwide network of offices and regional representatives in 25 countries offering sales advice and appraisal services in 60 specialist areas. For a full listing of upcoming sales, plus details of Bonhams specialist departments go to www.bonhams.com