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Rare Burgundies a hit at Christie's auction

Published:  18 April, 2012

Collector demand for the rare Burgundies of Henri Jayer contributed towards Christie's sale of Fine & Rare Wines in New York fetching £1,500,443.

The auction, featuring the Magnificent Cellar Selections, saw a case lot of 1989 Vosne-Romanée, Cros-Parantoux fetch £57,173 ($90,750/ €68,970). The sale went to a private Asian collector.

Dartmouth College alumni also came out in force to purchase from a special selection of wines donated by a private collector. Scott Torrence, vice president of wine for Christie's America's, said: "Proceeds from the sale of the wines, which totaled $608,267 - well above the selection high estimate of $530,000 - will be donated to the College.

"This high level of interest on both fronts led to an unprecedented number of online registrants for a New York wine sale and a very strong show of support from buyers in South America, an ever-increasing presence in the global wine market."

The overall auction had strong sell-through rates of 94% by lot and 96% by value, according to Torrence. Out of the 653 lots offered, a total of 613 lots were sold, fetching £1,500,443 ($2,381,655/ €1,810,058).

Torrence added: "In all, this sale demonstrated that excellent provenance and pristine conditions continue to dominate buyers' interest, and the results are an encouraging sign for the health of the market."

Christie's Fine and Rare Wines: The Vertical Sale will be held on April 21 in Hong Kong.