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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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Jorge Olson is a Beverage Consultant and Industry Expert in beverage development, beverage sales, marketing, branding and distribution. He is considered the nation's authority in the beverage industry and consults with large companies, institutional investors and start-ups. He has been the CEO of distribution companies, beverage brands and publicly traded companies in the beverage and consumer goods space. Some of his projects have included Monster Energy Drink, 5 hour energy, SAB Miller, Coca-Cola and more than 100 start-up company engagements. Jorge owns and has own several companies including DSD distribution, vitamin companies, beverage companies and marketing enterprises. He’s the author of the books “Build Your Beverage Empire”, “The Unselfish Guide to Self-Promotion” and 3 other books. He speaks and trains in the beverage industry all over the US and in Mexico.

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