Koch sale “redefines auction landscape”

Posted by Rachel England on 24 May 2016 |

Sotheby’s auctions of fine wines from the cellar of Bill Koch smashed a number of records this weekend, collectively realising US$21.9m.

More than 740 buyers from 23 countries competed for the 2,729 lots, which were 100% sold.

Ten bottles of 1945 Mouton Rothschild set a record on the first day, selling for $343,000, while Burgundy was also highly sought-after, with six magnums of Henri Jayer’s 1989 Cros Parantoux, 1990s DRC and 1978 Montrachet attracting top bids.

Jamie Ritchie, CEO and president of Sotheby’s Wine, Asia and Americas commented: “The record-setting $21.9 million sale of wines from the Cellar of William I. Koch has redefined the wine auction landscape.

“The exceptional provenance and condition of the wines matched the scale and ambition of his collection, which perfectly reflects the character of the man that put it together, without doubt one of the world’s greatest collectors. Buyers from all corners of the globe used every available bidding method to buy every single one of 20,000 bottles offered in a three day sale that lasted 27 hours. This sale sets a new benchmark for the industry.”

Related link:

https://www.thedrinksbusiness.com/2016/05/koch-sale-redefines-auction-landscape/

 

 

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