Hong Kong, 23 January 2010 – Sotheby’s held the first Hong Kong wine auction of 2010 as well as the auctioneer’s first stand-alone wine sale in Hong Kong outside the regular Spring and Autumn sales series today, offering the fourth part of The Classic Cellar from a Great American Collector in The Mandarin Oriental Hong Kong. The sale realised an exceptional total of HK$52,921,770/US$6,784,842, well in excess of the high estimate (HK$40.8 million/US$5.2 million) and is our highest total achieved for a single day wine sale. All four of Sotheby’s Hong Kong wine auctions have been 100% sold and the prices achieved have been above the high estimate.

The 10-hour auction saw many new and existing buyers competing from throughout Asia. The auctioneers fielded bids from the room, the telephones, the online bidders and bidders from the secondary sale room that was set up due to the unprecedented demand from clients to attend the sale, while Louis Roederer Blanc de Blancs 2003, Haut Brion 1998, Léoville Lascases 1996, Lynch Bages 2000 were served – the Bordeaux were from the 6 litre Imperial format from The Classic Cellar. There was particularly strong participation from collectors and connoisseurs from Hong Kong, Mainland China and Taiwan, who were the most significant buyers of today’s sale. Online bidders competed for over 66% of the lots offered.

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