Affiliate Update – Christie’s Finds Vintage Wine In Demand

Image courtesy of christies.com.

Image courtesy of christies.com.

For some things, with age comes perfection.

Fortunately, it is through the graces of enduring relationships that these matured entities can share the same outlet to be presented to the world.

The Link Between Real Estate, Auctions and Wine

Our exclusive affiliation with Christie’s International Real Estate—an innovative real estate venture implemented by one of the world’s oldest auction houses—places us alongside some of the most prestigious, sought-after real estate brokerages in the world.

This partnership also puts us in the same company as the market’s finest wines.

Through its London Fine & Rare Wines auction on February 21, 2013, Christie’s exceeded expectations by selling 97 percent by lot and by value, thus demonstrating the true strength of the market. Chris Munro, head of the wine department, London says, “The high demand for classic wine of Bordeaux and Burgundy that was witnessed during the second half of 2012 remains buoyant.”

Best in Show

Among the best performers were the 2011 magnums ‘Y d’Yquem,’ directly consigned from the Château, and five magnums of Château Lafite Rothschild 1947 that realized £20,700 against an estimate of £3,000-4,000. The top lot of the event well surpassed its presale estimate, as 12 bottles of Château Lafite Rothschild, vintage 1982, fetched £34,500 ($52,371).

In its next London sale of Fine & Rare Wines to be held on March 21, 2013, Christie’s will be including a Superb Private Collection of Rare Large Formats.

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