SOTHEBY'S INAUGURAL WINE SALE IN FRANCE SHATTERS EXPECTATIONS
A collection of coveted French Burgundy wines has smashed its pre-sales estimate to achieve €1.3 million ..
Sotheby’s very first wine sale in France – an outstanding collection of exceptional wines from Domaine de la Romanée-Conti, the prestigious and most sought-after Domaine in Burgundy. Featuring rare and coveted cases in a variety of bottle formats, including assortments and a large offering of extremely rare Methuselahs achieved a total of €1.3 million (US$1.5 million), double its presale low estimate reports Barron’s
The coveted wine derived from the same private collection of Romanée-Conti, which is widely considered the most sought-after domaine in the Burgundy region consisted of 25 lots spanning from 1998 through 2011, included the outstanding 2010. Sotheby's estimated price range was initially estimated to achieve a price range of €7,000 upwards to €180,000, with a combined pre-sale estimate of €685,000 to €906,000.
Leading the sale was a methuselah (6 liters) of DRC’s Romanée-Conti 2000, which sold for €350,000, despite having a resale estimate between €140,000 and €180,000 setting a world auction record. Another Millennium-vintage bottle, a methuselah of DRC Montrachet 2000, fetched €137,500, more than double its presale low estimate.