Christie's global wine sales top $90m in 2012

Christie's has announced that its global wine sales for 2012 will exceed $90m, securing its position as the leading auction house for wine this year.

1980 Vosne Romanee Conti Parantoux H Jayer wine
Jayer's innovations make his wines incredibly popular at auction

The total represents the second year in a row in which Christie's has surpassed the $90m mark for its wine auctions, despite a mixed year for the wine market as a whole; the Liv-ex 50, which tracks the prices of the 50 top Bordeaux first growths, has seen a decrease of 24.2% in the last two years.

Christie's strong results can be attributed to the number of important collections it has hosted this year, most notably the Private Cellar of Henri Jayer, the legendary winemaker known for his innovative techniques. This auction was topped by 12 bottles of the Vosne-Romanee Cros Parantoux 1985, which beat the $129,000 high estimate by 108.8% to sell for $269,359.

The second most valuable lot of the year was a vertical selection comprising 92 bottles of Chateau d'Yquem, spanning 1900-2000. Offered at November's Fine Wines auction in Geneva, the lot brought $243,828, selling 11.8% above its $218,000 high estimate.

The overall success of Burgundy in 2012 is reflected in Christie's results, with wines from the region making up eight of the top 10 sales. Aside from Chateau d'Yquem, the only other Bordeaux to appear within the list is Chateau Cheval-Blanc, which sold for $203,918 in December to set an auction house record for a case of standard-sized bottles.

Paul Fraser Collectibles continues to bring you the latest on wine collecting and investment. For more, sign up to our free weekly newsletter.

Featured products

Elvis Presley Authentic Strand of Hair
Elvis Presley Authentic Strand of Hair
Sale price£399
In stock
Fidel Castro signed certificateFidel Castro Signed Certificate
Fidel Castro signed certificate
Sale price£2,995
In stock
King Henry VIII Autographed DocumentKing Henry VIII Autographed Document
King Henry VIII Autographed Document
Sale price£55,000
In stock