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(June 13-23)


Zachys International 2015 Round Up: Over $55.5 Mil

White Plains, New York, January 8, 2016 – With a revitalized US market, Zachys achieved over $55.5M in sales in 2015 globally, up 22% from the previous year and the largest growth seen by any major wine auction house from 2014 to 2015. At the high end, blockbuster sales like the Zachys La Paulée Auction in New York, the Graham Lyons Auction in Hong Kong, and The Evening Sale at the Four Seasons NYC set Zachys apart from the competition. Examining the high ticket items, Zachys sold 23 lots over $50K, 5 lots over $100K, and 1 lot over $200K. With numerous single-owner sales and featured collections, as well as Domaine-direct consignments, Zachys is the only auction house to entrust with fine wine.

Snapshot: 2015 US & Hong Kong Live Auctions

Zachys US live sales alone realized over $30.8M, up 47% from the previous year and again, the highest year-to-year growth compared to any other major wine auction house. Collectors from around the globe, including Europe, Latin America, and greater Asia, continue to flock to Zachys to acquire fine and rare wines. Burgundy proved most popular amongst these auctions, accounting for 42% of total sales with Domaine de la Romanée Conti leading the charge. Zachys La Paulée Auction in New York was the largest sale of the year, realizing over $7.5M.

Zachys Hong Kong live sales realized nearly $18.3M, with the Final Offering from the Graham Lyons Collection as the standout sale of the season. Wine collectors from around the world leapt at the chance to bid on lots from one of the greatest iconic collections still in private hands, resulting in a 100% sold sale, more than twice the pre-sale estimate. The star of this final offering was provenance. Almost all 315 lots were traced back to their point of purchase thanks to Graham Lyons meticulous note-keeping.

Snapshot: 2015 eAuctions

Zachys eAuctions achieved nearly $6.4M. As industry leaders, Zachys continues to grow and innovate. In November 2015, we held our first Flash Auction. Open for a mere 5 hours, this Flash Auction featured nine lots of DRC. Clients eagerly bid on these lots and the sale realized above the high estimate. The success of this auction led to another Bordeaux-only Flash Auction, which was also 100% sold in just 5 hours. These concise flash sales showcase the absolute finest from top producers around the world. For the first time ever, Zachys also held a single-owner eAuction over Thanksgiving weekend which resulted in feverish bidding. These new online formats, in addition to our monthly online auctions both in New York and Hong Kong, give collectors a new way to access mature, collectible wine outside of the live auction schedule.

Jeff Zacharia, Zachys President, comments: “Zachys saw exceptional growth in 2015, beyond our expectations, and our expectations were high! We’re extremely proud of our international team, the record high prices achieved for our consignors, and both the exciting new sale formats and the reinvigorated old sale formats. The reason we’re able to achieve such high prices is thanks to the hard work and dedication of our team, with each person doing his or her part to provide white glove service around the globe. We’re looking forward to what promises to be an exciting 2016. Already on the calendar are the New Year Auction in Hong Kong to ring in the year of the Monkey, The Power of Packaging Auction in NYC dedicated entirely to wines in original packaging, a consignment direct from the cellars of Fred and Carol Schrader, and of course the Zachys auction held at La Paulée de San Francisco in March.”



2015 to date, at a glance:
Total Price Realized Internationally: $55,551,380
Total Lots Sold: 21,711
High Value successes: 1 lot sold over $200K, 5 lots sold over $100K, 23 lots sold over $50K
Highest value sale:  La Paulée February $7,544,591

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, Zachys Asia, and Zachys Wine Auctions. Contact Zachys Auctions at 914.448.3026, or visit zachys.com/auctions for further information.



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