The first Hong Kong wine sale of 2010

Sotheby's is auctioning the fourth part of its Classic Cellar from A Great American Collector, in Hong Kong on 23 January, 2010.

The Classic Cellar is the most valuable wine collection ever offered by the auctioneers. Its fourth part will include 840 lots and is expected to raise $3.6-5.2m.

As well as being the first Hong Kong wine auction of 2010, it will also be the first stand-alone wine sale staged at Sotheby's Hong Kong.

 A double magnum of Château Pétrus 1988, and a 12 bottle case of Château Pétrus 1990 will appear in the sale

Sotheby's will be hoping to build on its hugely successful sales held in Asia in April and October, 2009. Both saw Hong Kong join London and New York as a leading centre for wine auctions.

The highest valued lot in January's sale is a 12 bottle case of Château Pétrus 1990, estimated at $20-30,000.

Also appearing will be a double magnum of Château Pétrus 1988, estimated at $3,250-4,250.

Despite its excellence as a fine wine, Liv-Ex experts have commented that Pétrus has so-far failed to establish itself in Asia's market, and has underperformed as a result.

The Sotheby's auction will hopefully change that.

"We are honoured to return to Hong Kong [with what is] becoming the greatest wine collection that Sotheby's has ever sold," said Serena Sutcliffe, Worldwide Head of Wine at Sotheby's, in a statement.

"It would be easy to say that all these wines are hand-picked for their excellence and temptation rating but, in fact,  the wines choose themselves, since this whole, breathtaking collection is desirable."

All prices are shown in US dollars.


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