Zachys Wine Auction's "The Vault: Part I" Achieves High Estimate During First "White Glove" Sale of the Fall Season

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Zachys Hong Kong kicked off the fall season of 2016 on Saturday, September 10, 2016 with a packed saleroom at the Mandarin Oriental for “The Vault: Part I” – one of the most treasured single-owner collections in the world. The auction was 100% sold and achieved a staggering HK$45.4 million (US$5.9 million), with 73% of the auction by value coming from in-room bidders.

Six magnums (1.5L) of Richebourg Méo-Camuzet 1988 (Lot 605) sold for HK$318,500 (US$41,097)

“This was an exciting private collection to work with, and it gives us great pleasure to provide our clients with opportunities to bid on some of the most sought after wines in the market today. –Jeff Zacharia, Zachys President

Zachys Hong Kong kicked off the fall season of 2016 with extraordinary results from “The Vault: Part I” – one of the most treasured single-owner collections in the world. The sale was 100% sold, achieving a staggering HK$45.4 million (US$5.9 million) and exceeding the pre-sale high estimate! The saleroom saw aggressive bidding from clients across the globe; from Europe to North and South America as well as the Asia Pacific with very strong support from collectors in Hong Kong. These stellar results reaffirm that true fine wine collectors value quality and provenance above all else. What’s more, 66% of the lots sold to a packed room at the Mandarin Oriental; these lots accounted for 73% of the auction by value, showing once again how only Zachys fills a saleroom with the world’s top auction bidders.

LEGENDARY BORDEAUX
A total of 151 lots of the finest and rarest blue-chip Bordeaux achieved HK$14,406,000 (US$1,858,839), making up more than one-third of the total results. Lafite, Lafleur, Le Pin and Pétrus were the stars of this sale and took centre stage. One of the top lots--an Imperial (6L) of Château Lafite Rothschild 1959, marked its debut in an auction in Asia and realized HK$490,000 (US$63,226), which soared above its high estimate and hammered at the highest price ever recorded; 6 magnums (1.5L) of Château Lafleur 1982, also reached an outstanding result of HK$490,000 (US$63,226); 3 double magnums (3L) of Pétrus 1982 also exceeded their high estimates and realized HK$392,000 (US$50,581); and two 6-pack original wood cases of Le Pin 2000 sold close to its high estimate at HK$294,000 (US$37,935). It goes to show that great Bordeaux never goes out of style!

THE HEART OF THE VAULT - BURGUNDY
Burgundy spearheaded the sale, featuring more than 550 lots from some of the crème de la crème of Burgundy producers. These Burgundy stalwarts brought in a total of HK$29,868,563 (US$3,854,008) at this auction and represented more than 65% of the sale. 5 bottles with original wood case of Romanée-Conti 1996 took the top spot, selling at HK$490,000 (US$63,226). Other offerings from DRC, including La Tâche 1990, La Tâche 1996, DRC Assortment Cases from 1991, 1993 and 1996 vintages also reached new heights. Other notable Burgundy producers such as Henri Jayer, Leroy, Leflaive and d’Auvenay also found buyers, with bidding for Leroy being particularly energetic.

BURGUNDY, BURGUNDY, MORE BURGUNDY- d'AUVENAY, HENRI JAYER & LEROY
Top collectors from all around the world continued to chase after rare bottlings from Burgundy. Domaine d’Auvenay superseded its high estimates, including 6 bottles of Puligny Montrachet Les Folatières Domaine d'Auvenay 1989 which sold for HK$53,900 (US$6,955) - more than double its high estimate. 12 bottles with original wood case of Mazis Chambertin Domaine d'Auvenay 1996 was the prized d’Auvenay lot in this sale realizing HK$208,250 (US$26,871). The greatest wines from the late Henri Jayer achieved superb results, including 6 bottles of Vosne Romanée Cros Parantoux Henri Jayer 1988 which sold at HK$367,500 (US$47,419). An incredible 120+ lots of Leroy came up to the auction block next. More than 70% of the Leroy sold higher than their pre-sale high estimates, including the Chambertin Domaine Leroy 1991 which realized HK$220,500 (US$28,452) and Mazis Chambertin Maison Leroy 1985 which sold at HK$159,250 (US$20,548).

President Jeff Zacharia notes, “We are thrilled with the results of Part I of The Vault! This was an incredibly exciting private collection to work with, and it gives us great pleasure to be able to provide our clients with opportunities to bid on some of the most sought after wines in the market today. Bidders who may have missed the chance to participate in this sale should pay close attention to The Vault Part II, which is the second half of the collection being sold in New York City on 15 October at Le Bernardin Privé. Contact auction(at)zachys(dot)com to reserve your seat today.”

Top Lots from the September Hong Kong Auction

Lot 48: one imperial (6L) of Chateau Lafite Rothschild 1959
Price realized: HK$490,000 (US$63,226)

Lot 106: six magnums (1.5L) of Chateau Lafleur 1982
Price realized: HK$490,000 (US$63,226)

Lot 258: five bottles (750ML) of Romanee Conti Domaine de la Romanee-Conti 1996
Price realized: HK$490,000 (US$63,226)

Lot 236: six magnums (1.5L) of La Tache Domaine de la Romanee Conti 1990
Price realized: HK$441,000 (US$56,903)

Lot 153: three double magnums (3L) of Petrus 1982
Price realized: HK$392,000 (US$50,580)

Lot 383: six bottles (750ML) of Vosne-Romanee Cros Parantoux Henri Jayer 1988
Price realized: HK$367,500 (US$47,419)

Lot 605: six magnums (1.5L) of Richebourg Meo-Camuzet 1988
Price realized: HK$318,500 (US$41,097)

Lot 127: twelve bottles (750ML) of Le Pin 2000
Price realized: HK$294,000 (US$37,935)

Lot 207: twelve bottles (750ML) Assortment Case Domaine de la Romanee-Conti 1993
Price realized: HK$281,750 (US$36,355)

Lot 565: nine bottles (750ML) of La Romanee Liger-Belair 2005
Price realized: HK$269,500 (US$34,774)

About Zachys
Zachys is a third-generation family-owned business based in Scarsdale, New York, whose holdings include Zachys wine auctions in the U.S. and in Hong Kong, Zachys Wine and Liquor and New York Fine Wine Storage.

Zachys General Inquiries
+852.2530.1971
asia(at)zachys(dot)com

Zachys Consignment Inquiries
+852.2530.1971
pricing(at)zachys(dot)com

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Charles Antin
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