blogs  
 
yournews
   
 
Video Photos Finance Travel Weather Discussion TV Shows
| |
 
  Home ›
 
Lifestyle News

 

NY fine wine auction sells big, most buyers from Asia
Posted: 16 June 2009 1055 hrs

  French wine Petrus Pomerol (file pic)
 
Photos  of

   
 


NEW YORK: A New York auction of fine wine on Monday exceeded two million dollars in sales, twice the estimates of Sotheby's, which sold most of the merchandise to clients in Asia and over the Internet.

The auction house had predicted sales totalling one to 1.5 million dollars.

The five most expensive lots were sold to Asian clients, who paid 48,400 dollars for 12 bottles of 1990 Chateau Le Pin (from Pomerol in France's Bordeaux region) and 36,300 dollars for three magnums (three litres, 3.17 quarts) of 1982 Chateau Lafite.

They also doled out 30,250 dollars for 12 bottles of 1990 Chateau Petrus.

"The sale was a remarkable 98 per cent sold by lot and over 99 per cent sold by value," Sotheby's said in a statement.

For the first time, the fine art dealer, which also deals in luxury homes and fine wines, allowed potential buyers to place their bids over the Internet.

The move "was met with an extremely enthusiastic response among bidders from around the world", the auction house said, noting that it sold 17 per cent of its lots online.

Asian clients "were once again a strong presence in this sale", it said, taking in nine of the top 10 lots and representing all of the top five buyers by value.


- AFP/so

 


Other features
Da Vinci sketch recreated on melting Arctic ice
Sharks saved from soupy fate set free at sea
Philippines catches 'largest crocodile on record'
Bhutan: The costly 'Shangri La'
Happy Feet the penguin begins long swim home
Hong Kong's century-old trams roll into the future
Life on Mars possible as Earth fossils indicate
Water crisis, population surge prompt rethink on food: UN
Taiwan hosts its biggest same-sex 'wedding' party
Pilot launches new limited edition fountain pen - the Golden Rose

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions