Sotheby’s to sell collection of Robert Parker’s ‘closest friend’

Posted by Rachel England on 14 September 2017 |

Sotheby’s to sell collection of Robert Parker’s ‘closest friend’

Sotheby’s has announced it will auction the collection of Park Smith, known to be critic Robert Parker’s closest friend.

Taking place in New York on 11 November, the sale will include blue chip Bordeaux and Burgundy and a high volume of large format bottles, with 1,729 magnums, 206 double magnums and 23 imperials on offer. Some 12% of the bottles on offer have been awarded 100 points by Parker, with highlights including Mouton Rothschild, Petrus, Haut-Brion, DRC and Domaine Leflaive.

A portion of Smith’s cellar was previously auctioned in 2006, making a total $5.3m with 50 cases of 1982 making a combined $1.05m. It remains the second highest most valuable wine lot ever sold at auction.

The announcement was made at Sotheby’s first wine sale of the autumn/winter season, which bought in $2.7m with 95% of the lots sold. The highest-selling lots included: three bottles of Domaine de la Romanée-Conti’s 2003 La Tâche, which made $46,550; a full case of 1989 Haut-Brion which went for $23,275, as did four magnums of 1959 Lafite; a Jeroboam of 1982 Mouton Rothschild sold for $13,475; and 10 bottles of 1974 Mayacamas Cabernet Sauvignon achieved $7,350.

Offerings from Heitz Cellar and Mayacamas Vineyards also sold “exceptionally well”, making $247,729 and $272,976 respectively – far above their pre-sale high estimates.

Connor Kriegel, Sotheby’s Wine’s head of Auction Sales in New York, said: “Today’s exceptional results are a harbinger of an impressive fall season to come at Sotheby’s Wine.

“The global market took notice of the extraordinary quantities and superlative storage of The Classic California collection, leading to astonishing prices for Heitz Martha’s Vineyard and Mayacamas. Elsewhere, demand for blue chip wines such as 1989 Haut-Brion, Henri Jayer and DRC remains incredibly strong.”

Related link:

https://www.thedrinksbusiness.com/2017/09/sothebys-to-auction-cellar-of-parkers-closest-friend/

 

 

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