Chateau Latour pushes Christie’s Geneva auction to new highs

Posted by Rachel England on 17 May 2018

Chateau Latour pushes Christie’s Geneva auction to new highs

Christie’s fine wine sale, held in Geneva last weekend, made US$4.2m and was 95% sold by lot, making it the highest-achieving fine wine sale in the Swiss capital since 2015.

The success of the sale was in part driven by a full case of Chateau Latour 1945, which sold for $120,178. Christie’s believes this is likely a new world record for Latour at auction and certainly one of the highest prices ever paid for an individual lot at the auction house.

Another highlight was a 12-bottle assortment of 1990 Domaine de la Romanee-Conti, which sold for double its pre-sale estimate at $72,000.

Edwin Vos, head of wine sales for Continental Europe, commented: “Since 2015 the sales have attracted more and more buyers, the offering grew to over 760 lots and each sale result has achieved sell-through rates at above 90%.

“This spring, the sale represents the highest total for any Christie’s wine auction in Switzerland at CHF 4,320,960 (US$4.2m). The sale was appreciated by registrants from 24 countries, resulting in final prices often doubling or tripling their pre-sale estimates.

“Again, online participation was very strong and occurred in 45% of all 702 lots offered. The Swiss Rare Wine market is very active and vibrant and we are playing a significant role in developing this market, including to attract more private buyers, which grew to over 45% to today.”

Related link:

https://www.thedrinksbusiness.com/2018/05/highest-geneva-result-in-four-years-for-christies/

 

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