Cellar of Robert Parker’s closest friend fetches $5m

Posted by Rachel England on 14 November 2017 |

Cellar of Robert Parker’s closest friend fetches $5m

The highly-anticipated sale of the cellar of philanthropist Park B Smith – described as Robert Parker’s ‘closest friend’ – has sold for US$5m in New York, making it the highest value single owner auction held by Sotheby’s this year. 

Large formats alone made up $3m of the overall total, with top lots including: two separate Jeroboams of 1990 La Tâche from Domaine de la Romanée-Conti, which sold for $43,050 each; a Methuselah of 1988 DRC Montrachet; an imperial of 1989 Petrus; five magnums of 1998 Le Pin; and three double magnums of 1989 Château Haut-Brion.

Jamie Ritchie, worldwide head of Sotheby’s Wine, commented: “Park Smith has a passion for large format bottles, which accounted for just under 60% ($3 million) of the total, selling for more than 20% of the high estimate. The strongest categories were Burgundy (50% over the high estimate), followed by First Growth Bordeaux (20%) and Italy (15%), which shows market strength and diversity across formats and regions. This brings our global sale total to $57 million, with two sales in London and one in New York to go.”

Related link:

https://www.thedrinksbusiness.com/2017/11/cellar-of-parkers-friend-nets-5m-in-nyc/


Tags: , , , , , , ,