Lafite, Mouton and Latour verticals to auction at Christie's HK
Verticals of Lafite, Mouton and Latour wine will auction at Christie's Hong Kong on September 8
Paul Fraser Collectibles, Friday 10 August 2012
Three vertical collections of Chateau Lafite, Chateau Mouton Rothschild and Chateau Latour will highlight Christie's upcoming wine auction in Hong Kong.
The three Bordeaux verticals cover 1945 to 2009, and are up for grabs at Christie's Pristine Rarities from the Cellar sale on September 8, with estimates of $155,447 each.
Stemming from a European collector, the auction will also feature special edition bottles of Mouton 1978 and 1993.
It is a busy day for Christie's Hong Kong's wine department. Several fine bottles will also be selling in its Vintage European Treasures auction, with first growths of Pomerol and St Emilion starring among the Bordeaux, while DRC will also be in evidence for Burgundy fans.
These are exciting times for DRC investors, with Liv-ex's DRC Index up in value by 9.1% since July 2011.
DRC's Romanee Conti 2003 vintage has grown by 24% in 12 months, while 2008 bottles are up 15%.
Cristal and Cristal Rose Champagne will also feature.
"These sales will present both new and experienced collectors with the opportunity to purchase some of the finest wines to be offered in Asia," commented the auction house.
According to May's China Investment Reference report, China is now the globe's fifth biggest consumer of top-end wines. This market is set to increase considerably over the coming years as the country creates growing numbers of wealthy inhabitants.
Boston Consulting Group's 2012 global wealth report revealed that China has the world's third highest number of millionaires, with 1.4m, having created 193,000 in the space of a year.
Paul Fraser Collectibles will bring you the full results from this sale as soon as they happen.
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