Sotheby’s creates World Auction Record by selling Most Expensive Wine Lot at $1.6m

Premier auction house Sotheby’s has outdone its previous world record for the most expensive wine lot ever sold at auction, by selling the Romanée-Conti Superlot for HK$12,556,250 (£1m, or $1.6m). The 114-bottles of Burgundy sold for the equivalent of $14,121 for each bottle or $1,700 per glass for 912 glasses. The sale broke the previous auction record for a wine lot, also set by Sotheby’s in 2006, when 50 cases of top Bordeaux Chateau Mouton Rothschild 1982 sold for $1.05 million in New York.

The lot contained six bottles of every single of the 19 vintages produced from 1992 to 2010.

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“The Romanee-Conti superlot presented a once-in-a-lifetime opportunity to acquire an unprecedented quantity of the world’s most desirable wine,” Robert Sleigh, head of Sotheby’s Wine in Asia, said in a press release. “It is only fitting that it has broken the world record to become the most valuable single wine lot ever sold at auction.”

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A 66-magnum collection of Henri Jayer, owned by the Silicon Valley magnate and Netscape founder James Clark, also sold for $1.1m, or $16,000 per magnum.

Sotheby’s will offer the next part of the James H. Clark cellar, featuring the greatest collection of Italian and Rhone wines on 15 November in New York.

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[Via – Business-Insider]