NEW YORK, Oct. 15, 2018 /PRNewswire/ -- This Saturday in New York, Sotheby's (NYSE:BID) October wine auctions concluded with a total of $12.3 million, with over 1,100 lots sold over the course of two days.
Jamie Ritchie, Worldwide Head of Sotheby's Wine, commented: "We are delighted with the outstanding results of our October wine sales in New York. For both wine and whisky, the incredible prices achieved this past weekend set the most important world records for both our global Wine team, and the entire auction market worldwide. Not only did we have the privilege of breaking our long-held world record for a single bottle of wine of any size twice in one sale, but we also had the pleasure of selling what have now become the most expensive magnum bottles of wine, the most expensive spirit purchased at auction in North America, and Sotheby's top price for a single spirit. Coupled with success of our Hong Kong wine sales this September, the results of our October New York sales are evidence that the demand amongst global connoisseurs for the rarest bottles with exceptional provenance is at its highest point. It has been an honor to work alongside Robert Drouhin and his family, as well as The Macallan and we look forward to continuing this momentum as we head into our November and December auctions."
Note to Editors:
**The previous auction record for a single bottle of wine of any size was established by Sotheby's New York in February of 2007, when a jero of Château Mouton Rothschild 1945 sold for $310,700.
About Sotheby's
Sotheby's has been uniting collectors with world-class works of art since 1744. Sotheby's became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973), India (1992) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby's presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby's BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sotheby's offers collectors the resources of Sotheby's Financial Services, the world's only full-service art financing company, as well as the collection, artist, estate & foundation advisory services of its subsidiary, Art Agency, Partners. Sotheby's presents private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Global Fine Art Division, and three retail businesses: Sotheby's Wine, Sotheby's Diamonds, and Viyet, the online marketplace for interior design. Sotheby's has a global network of 80 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).
*Estimates do not include buyer's premium. Prices achieved include the hammer price plus buyer's premium and are net of any fees paid to the purchaser where the purchaser provided an irrevocable bid.
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New York | +1 212 606 7176 | Darrell Rocha | Darrell.Rocha@Sothebys.com | Alexandra Fizer | Alexandra.Fizer@Sothebys.com
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SOURCE Sotheby's
