No wine cellar? Sotheby's opens retail wine shop

Tue Sep 21, 2010 1:59pm EDT
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NEW YORK (Reuters) - Always wanted a wine cellar, but never had the room? Sotheby's auction house has a solution. It opened a retail wine shop.

The store on the first floor of its New York building has what Sotheby's head of wines in the Americas and Asia Jamie Ritchie described as "a rather broad selection of wines" at prices ranging from $13.95 to $40,000 a bottle.

"Our selection includes the best producers," Ritchie said, "but also our favorite wines that may be less well known."

So not far from the bottle of Lafite Rothschild (1996) for $1,350, a customer can find a bottle of Chateau Franc Couplet (2005) for $13.95.

Sotheby's, which is holding wine auctions this week in London and New York and four more in Hong Kong next month, is also offering the wines online and will ship them around the world and deliver to New Yorkers.

The store's opening on Monday comes almost a week after the U.S. Commerce Department reported that sales at retailers increased more than expected in August, notching their largest gain in five months.

(Reporting by Leslie Gevirtz; editing by Patricia Reaney)

<p>The Sotheby's Wine retail shop in an image courtesy of Sotheby's. REUTERS/Sotheby's</p>