Fine French wine fetches record-smashing $558,000 at auction

Lloyd Doyle
October 16, 2018

The 1945 Romanee-Conti sold for 17 times its upper estimate of $32,000 at Sotheby's in NY on Saturday.

Romanée-Conti is widely considered the best Burgundy wine, and is one of the world's most prestigious producers.

Although this did not quite break the record set by Bonhams for the same whisky several times this year, it is still the most expensive single bottle of wine or spirits of any format that Sotheby's has ever sold.

The previous record for a standard wine bottle was held by an 1869 Château Lafite Rothschild, sold in Hong Kong in 2010 for $233,000.

But of all sizes, a $310,700 3-liter 1945 Mouton-Rothschild scooped the previous record at a 2007 auction in NY.

Its domaine, in the Côte de Nuits region, spans less than four acres, producing between 5,000 and 6,000 bottles per year. Despite their "heavily damp-stained.and partially missing labels", the two bottles are "rare and wonderful", Serena Sutcliffe, head of Sotheby's global wine department said.

In another record-breaking sale at the auction, a Macallan 1926 whisky sold for £641,000, the highest price Sotheby's has achieved for a single spirit.

Jamie Ritchie, Worldwide Head of Sotheby's Wine, commented: "Today marks an extraordinary moment not only in the history of Sotheby's, but also in the auction market for wine and spirits worldwide". Another bottle of the same wine fetched $496,000 (Sh50 million).

"With this magnificent label for Macallan's finest vintage, Blake has put his stamp on yet another one of life's great pleasures".

Other reports by Iphone Fresh

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