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Latest In Luxury | Chateau Lafite Rothschild sold for $540,000
  • Chateau Lafite Rothschild sold for $540,000

     

    A 300-bottle collection of Chateau Lafite Rothschild has sold for almost $540,000 in Hong Kong, setting a world record price for a single wine lot auctioned this year, organisers said.

    The collection spanning 1981 to 2005 was knocked down for HK$4.2 million ($539,250) at Christie’s two-day Autumn wine sale, which is expected to rake in over $5 million in sales, the auction giant said late Saturday.

    The record price, below a HK$4.5 million pre-sale estimate, was “the highest value lot achieved at any wine auction worldwide this year,” Christie’s said.

    Prices for Chateau Lafite Rothschild have reportedly soared as much as twelve-fold over the past decade as the prestigious brand — and other labels from Bordeaux — lure in wealthy Chinese buyers.

    The sale, which wraps up Sunday, comes after auctioneer Acker Merrall & Condit said its May sale grabbed multiple world records, including a price of almost $107,000 each for two cases of 1988 DRC Romanee-Conti.

    Source: Pursuitist.







    September 7th, 2011 | Limestand | No Comments |

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