Sotheby’s Wine Auctions Sales totals US$ 64.5 Million

Sotheby’s announced that its global wine auction sales totaled US$ 64.5 million worldwide in 2012. Hong Kong posted the highest total of the three sale locations with a result of US$ 27 million. The year also saw strong results for New York auctions, which totaled US$ 17.7 million, while London sales achieved a total of US$ 19.7 million. The company had a low pre-sale estimate of $49.3 million and a $67.1 million high estimate.

Strong prices have been recorded for The Cheval Blanc, Yquem, Krug, Colgin Cellars, Louis Roederer and Hermitage La Chapelle direct from the Cellars Auctions

According to a Dec. 2011 press release, Sotheby’s achieved wine auction sales of $85.5 million in 2011, down from $88.3 million a year earlier.

Sotheby’s next big sale will be in April 2013, when the coveted elBulli Wine Cellar will be auctioned off. More here.


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