• More than £6m
• 90% by value over seven auctions
Bonhams Fine Wine Department has enjoyed its most successful year to date, grossing more than £6 million in public auctions and private sales. The average selling rate over its seven auctions was 90% by value.
Reflecting on the year, the Head of Bonhams Fine Wine Department, Master of Wine, Richard Harvey said, "2016 has been a remarkably busy and successful year. July saw the highest earning Fine Wine sale in our history taking more than £1,250,000, and demand for Romanée-Conti 1988 has been exceptional - we auctioned five cases in 2016 at an average of £123,375 per case. The other major talking point has been the renewed interest in Bordeaux. Over the spring and summer, Bonhams sold an outstanding collection of Claret, originally bought en primeur, for a total of more than £1,500,000. Cases of Château Latour 2010 estimated at £5,000-6,000 sold for £8,519; and cases of Château Cheval Blanc 2010 which made £6,463 having been estimated at £4,500-5,500."
Looking ahead to 2017, Harvey adds, "Demand for the top wines from Burgundy and Bordeaux will almost certainly remain very strong. Champagne – for many years a special feature of Bonhams Fine Wine auctions – continues to go from strength to strength. In our December sale, for example, a case of Dom Pérignon 1971 sold for £4,935 and six magnums of Pol Roger Cuvée Winston Churchill made £4,465. Port and Madeira also both sold notably well in this week's sale."
NOTES FOR EDITORS
Bonhams, founded in 1793, is one of the world's largest auctioneers of fine art and antiques. Today, the auction house offers more sales than any of its rivals. The main salerooms are in London, New York and Hong Kong. Sales are also held in the UK in Knightsbridge and Edinburgh; in the US, in San Francisco and Los Angeles; in Europe, in Paris and Stuttgart and in Sydney, Australia. Bonhams also has a worldwide network of offices and regional representatives in 25 countries offering sales advice and valuation services in 60 specialist areas. For a full listing of forthcoming sales, plus details of Bonhams specialist departments, please visit bonhams.com