|Lloyd Webber’s wine sells for £3.5m at auction|
|Written by Gemma McKenna|
|Monday, 24 January 2011 10:47|
A selection of Andrew Lloyd Webber’s wine collection went under the hammer in Hong Kong this weekend, raising $5.6 million (£3.5 million).
The Sotheby’s sale, which took place at the Mandarin Oriental hotel on Saturday, included almost 9,000 bottles of French wines.
There were 746 lots included — the most expensive case of wine auctioned was a 1982 Chateau Petrus 1982. This case of 12 bottles reached $77,564 (£48,500).
The collection’s sale price exceeded price expectations and Lloyd Webber said he was pleased. “I hope the new owners enjoy my wines as much as I have and I look forward to reacquainting myself with them in restaurants all over China,” he said.
Jeannie Cho Lea, a Master of Wine based in Hong Kong, told The Sunday Telegraph: “It’s clear that fine wines on offer from auction houses have not yet reached saturation point. Those watching the markets have been talking about ‘auction fatigue’ and ‘auction bubble’ but so far, the demand is still strong.”