Zachys Wine Auctions Ends 2016 with a Monumental New York Auction: 99% Sold, Over $7M Realized

Share Article

Zachys Wine Auctions shines with a 99% sold Holiday Sale in NYC, realizing over $7M and rounding out the year with over $65M global auction sales.

As predicted, the famed 4.5 liter jeroboam and six bottles of Pétrus 1924 were the stars of the show with the jero realizing $46,550 and six bottles $24,500, well over the pre-sale estimates.

“After a hugely successful 2016 with over $65m in global auction sales, we are overjoyed to end the year with such a unique and exciting two-day sale in New York." Zachys President Jeff Zacharia

Zachys Wine Auctions closed out 2016 with a bang with a 99% sold, over $7M realized two-day auction in New York City. Smith & Wollensky overflowed with wine lovers from around the world on Friday and Saturday, as bidders competed for some of the most unique and sought-after collections in the world.

Friday’s festivities saw the success of rare Bordeaux from the Private Cellar of Nath. Johnston & Fils, a Bordeaux négociant founded in 1734 and still owned by the current generation of Johnstons. As predicted, the famed 4.5 liter jeroboam and six bottles of Pétrus 1924 were the stars of the show with the jero realizing $46,550 and six bottles $24,500, well over the pre-sale estimates. Pétrus continued to shine with the 1989, 1990, 1964, and 2010 vintages all represented in the Top Ten lots sold. Three magnums of 1949 Cheval Blanc smashed high estimates, realizing $36,750. Burgundy prices were also strong with three bottles of DRC Romanée Conti 2004 realizing $31,850 and one 3L of DRC Montrachet 2004 surpassing the high estimate and realizing $24,500.

Day two of the sale brought enthusiastic bidding across all formats, especially for the collection Direct from the Faiveley Family Cellars and the Spotlight on Italy which included one of the largest selections of Masseto in private hands ever to come to auction. Both winemakers, Erwan Faiveley of Domaine Faiveley and Axel Heinz of Masseto, were present at the sale and were thrilled to witness their wines hit record prices and interact with the guests. Just a few highlights: a bottle of Chambolle Musigny Les Amoureuses Faiveley 1933 hammered for over 7x the pre-sale high estimate, realizing $13,475, and two cases of Masseto 2006 smashed the pre-sale high estimates and realized $18,375 each.

Jeff Zacharia, President of Zachys, remarks, “After a hugely successful 2016 with over $65M in global auction sales, we are overjoyed to end the year with such a unique and exciting two-day sale in New York. The anticipation leading up to this sale for these astounding collections was exhilarating, and we could not be more thrilled with the results of our Holiday Sale! The Private Cellar of Nath. Johnston & Fils was, unsurprisingly, a monumental success, and we are honored to have offered such a unique and truly remarkable collection. The standing room-only auction room and active bidding from around the globe is proof that Zachys is at the forefront of auction excitement. We can’t wait to see what 2017 has in store for Zachys!”

The Top Lots
Lot 307: twelve bottles (750ML) of Pétrus 1989
Price realized: $46,550

Lot 543: one jeroboam (4.5L) of Pétrus 1924
Price realized: $46,550

Lot 364: twelve bottles (750ML) of Pétrus 1990
Price realized: $36,750

Lot 442: three magnums (1.5L) of Château Cheval Blanc 1949
Price realized: $36,750

Lot 545: twelve bottles (750ML) of Pétrus 1964
Price realized: $34,300

Lot 93: three bottles (750ML) of Romanée Conti Domaine de la Romanée Conti 2004
Price realized: $31,850

Lot 184: twelve bottles (750ML) of Château Lafite Rothschild 1982
Price realized: $31,850

Lot 546: twelve bottles (750ML) of Pétrus 1964
Price realized: $31,850

Lot 1095 & 1096: twelve bottles (750ML) of Pétrus 2010 (each)
Price realized: $31,850 (each)

Lot 1581: three bottles (750ML) of Romanée Conti Domaine de la Romanée Conti 2004
Price realized: $31,850

Please contact Zachys at auction [at] zachys [dot] com for more information.

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.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Charles Antin
@zachysauctions
since: 10/2010
Follow >
Zachys Wine Auctions
since: 05/2013
Like >
Zachys Fine Wine

Visit website