Masseto Nebuchadnezzar (15L) 2007 49000$

and One Melchior (18L) Ducru Beaucaillou 2005 brings $11,025
Mail from Sothebys;

NEW YORK WINE AUCTION RAISES $2.2 MILLION - 99% SOLD

  • One Nebuchadnezzar (15L) Masseto brings $49,000
  • One Melchior (18L) Ducru Beaucaillou brings $11,025
  • Two cases of Pétrus 1982 bring $58,188 each

SUMMARY
Sale Total:$2,238,750

Sold Percentage: 99% sold by both lot and value

Percentage of Lots Sold Above High Estimate: 78%

Worldwide Totals:This sale brings Sotheby’s Wine’s worldwide sales to $12 million for 2012

TOP LOT
12 bottles of Pétrus 1982, which brought $58,188 against estimates of $40,000 to $60,000.

TOP BUYERS

  • Americas (54%):
  • Asia (37%):
  • Europe (9%):
    United States, Canada, Brazil, Mexico, Panama, Puerto Rico and Venezuela
    China, Hong Kong, Taiwan, Indonesia, Japan, Singapore and South Korea
    UK

Online bidders bid on 60% of the lots and bought 20% of the sale.

REVIEW
Duncan Sterling, Head of Sotheby’s Wine Auctions, New York commented: “Today we saw enthusiastic bidding from Asia and Latin America as well as what appears to be a resurgent American market. A packed saleroom and spirited bidding from online buyers confirmed the market’s concentration on Burgundy including selections from DRC, Hubert Lignier and Jean-Marie Fourrier. Italian wines continued to be much in demand with stellar results for Masseto, Brunello from Gianfranco Soldera and Solaia. Bordeaux saw bidders refocusing on the legendary 1982 vintage with particularly strong results from Pétrus, Latour and Mouton Rothschild.”

Jamie Ritchie, CEO and President of Sotheby’s Wine, Americas and Asia, said: “Masseto confirmed it’s highly desirable status with bidders from Asia, Europe and the Americas fiercely competing to win this very rare Nebuchadnezzar(15L bottle) of Masseto, which sold to a private Asian buyer for $49,000 after a protracted bidding battle. This was one of only eight Nebuchadnezzars produced, five of which are still at the winery. We were delighted that Giovanni Geddes, CEO of Tenuta dell’Ornellaia was able to be in our New York saleroom to witness the bidding war.”

Surprising number: only 20% of the sales actually went to the on-line bidders!