Zachys Goes to Hong Kong

The wines of Domaine de la Romanee Conti continued to command some of the highest prices in the world, including six of the top ten lots, and prove that they are in as much demand as ever. This included three magnums of Romanee Conti Domaine de la Romanee Conti 1999 (Lot 190) that sold for just over HK$161,000 / US$20,000 each and bottles of Romanee Conti 1999 (Lot 508) that sold for HK$56,400 / US$7,300 each. Older vintages from Domaine de la Romanee Conti were not ignored: a two bottle lot of La Tache 1964 (Lot 565) sold for HK$36,300 / US$4,680, a single magnum of Richebourg Domaine de la Romanee Conti 1971 (Lot 571) sold for HK$33,880 / US$4,370, and two magnums of Romanee Conti 1971 (Lot 572) sold for HK$290,400 / US $37,460.

Wines from California made an extremely strong showing in the Hong Kong market, with over 98% of California lots selling. A six-bottle vertical of Screaming Eagle Cabernet Sauvignon 1992 – 1997 (Lot 341) realized a price of HK$193,600 / US$24,970, and a three-bottle lot of Screaming Eagle Cabernet Sauvignon 1997 (Lot 674) sold for HK$84,700 / US$10,920. A full case of Arietta H Block Hudson Vineyards Red Wine 2002 (Lot 808) achieved a sale price of HK $24,200 / US$3,120.

Other notable highlights included twelve bottles of Clos de la Roche Vieilles Vignes Domaine Ponsot 1999 consigned directly from the domaine (Lot 255) that achieved high estimate and sold for HK$29,040 / US$3,745. A six-bottle lot of Chambolle Musigny Amoureuses Georges Roumier 2002 (Lot 524) also achieved its high estimate, selling for HK$29,040 / US$3,745. Not to be overshadowed by Burgundy, a full case of Chateau Ausone 2000 (Lot 33) sold for high estimate, realizing a price of HK$242,000 / US$31,210.

Zachys’ President Jeff Zacharia commented, "We are very pleased with the results, especially given the current state of the market, and the enthusiasm surrounding the sale was extremely encouraging. The room was packed with bidders, and the amount of in-room activity far surpassed that which we typically see in the States. The auction world is by no means immune to the recent instability of the global economy, but Zachys is effectively addressing the various challenges of these times, continuing to thrive, and maximizing opportunities to ensure future success.“

Zachys is a third-generation family-owned business based in Scarsdale, New York, whose holdings include Zachys Wine and Liquor, New York Fine Wine Storage and Zachys Wine Auctions. Contact Zachys Auctions at 914.448.3026 for further information. Zachys returns to New York at Restaurant DANIEL on Thursday, November 6 for An Evening Sale of Extraordinary Wines With a Focus On Outstanding Burgundy and on Friday, November 7 and Saturday, November 8 for The Fall Auction Featuring A Cellar of Extraordinary Depth and Focus.
* Conversion rate: US $ 1 = HK $7.7533

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