As more proof that the demand for luxury goods is strong in Asia, this week, a record price for wine was set in a Sotheby’s auction in Hong Kong.
Three bottles of Châteaux Lafite-Rothschild 1869 sold for an astounding hammer price of $232,692 a bottle (a total of $698,076). That makes these the most expensive bottles of wine ever sold at auction. The entire sale of treasures direct from the legendary Chateau Lafite brought in a total of $8.4 million, tripling the pre-sale high estimate of $2.5 million.
Every lot was sold, adding to the success of Sotheby’s Hong Kong in maintaining the tenth consecutive 100%-sold wine auction in Asia in the last 18 months. It is only auction house to achieve this record.
The sale featured 284 lots of Lafite, as well as the other chateaux owned by Domaines Baron de Rothschild, all with direct-from-the-cellar perfect provenance.