Bordeaux auction to have global appeal: Sotheby's

Tue Sep 27, 2011 2:12pm EDT
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By Alice Baghdjian

LONDON (Reuters) - Sotheby's in London will sell what it describes as "one of the greatest" private cellars of Bordeaux in a two day sale expected to generate worldwide interest, the auction house said on Tuesday.

The collection features prized vintages of the five First Growth Bordeaux wines, including Château Lafite 1986, Château Latour 1996, Château Margaux 1986, Château Haut Brion 1995 and Château Mouton Rothschild 1995 -- all considered to be top red wines of the Gironde area in southwest France.

The 1475-lot auction of "pristine quality" is expected to top 2.1 million pounds ($3.2 million), Sotheby's said.

"Sales such as these do not occur very often, when all the necessary criteria of quality, provenance and condition all come together to create a perfect buying opportunity," Worldwide Head of Wine at Sotheby's, Serena Sutcliffe, said.

"It was awe inspiring to inspect and pack up this remarkable collection of wines, eliciting thirsty gasps as the process unfolded. As we saw favorite wines and Holy Grail wines, virtually all in original wooden cases, it was obvious that this was something special," she said.

The collection includes Château Lafite -- a wine that draws high prices due to the level of interest it commands among Asian buyers.

Sotheby's sold a standard bottle of Château Lafite 1869 for a record $232,692 in Hong Kong in 2010. But an auction lot of this quality will attract attention from across the globe, Sutcliffe said.

"A two-day sale of this nature will interest wine lovers worldwide which obviously includes Asia, but one has to remember South America," she told Reuters.   Continued...