Zachys has the best September 2023!

 

Between Zachys Hong Kong’s Fine & Rare Wines & Spirits featuring The Enchanting Collection and New York’s Fine & Rare Wines & Spirits + The Collection of Ian Mill KC, Part III, Zachys closes its September at roughly $14 million: the best of any auction house this month!

In Hong Kong, the special evening auction earlier this month featured single owner collections such as The Enchanting Collection and the return of The Sakura Collection. Fervent bidders from Hong Kong, Shanghai, the US, Europe and other parts of Asia raised their paddles high which resulted in strong prices realized.

Meanwhile, two days at Le Bernardin in New York just las week netted 8,000 bids across the 1,996 lots in the sale, with over 30,000 page views. 12% of the auction sold above the high estimate and 79% within the estimates—and those estimates are the highest they’ve ever been.

Bids came in quickly both online and in the room throughout all sale days in all sale rooms as collectors actively vied for pieces of the amazing collections on offer this month, namely the titular Collection of Ian Mill KC Part III; Ian’s third auction tranche outperformed the rest of the auction by 15% with his extensive collection, primarily, of rare red and white Burgundies. The success of IMKC III is a testament not only to Ian’s curation prowess, but also to Zachys’ mastery of The Single Owner sale! It should be stated: an offering of any size, when marketed correctly, will see the official Zachys “single owner pop.”

Truly the eyes of the wine world were on Zachys this month. From Hong Kong, highlights include a very rare trio of Domaine Leroy Musigny 1999, which realized HK$750,000 (US$96,774), a Methuselah DRC Montrachet 1990, which realized HK$525,000 (US$67,742), a duo of Domaine Leroy Musigny 1993, which realized HK$425,000 (US$54,839), two very rare 3-pack wooden cases of d’Auvenay Bâtard-Montrachet 2013 each realized HK$400,000 (US$51,613).

Meanwhile in New York, there were also many highlights between both days of sale. The proverbial elephant in the room being the Six Pillars of Macallan in Lalique: a full set of all six bottles complete with their original packaging, which realized $606,250! Of course, the auction also played host to high wine prices as well. A bottle of 1991 Clos St Denis Domaine Dujac realized $6,875, a bottle of 1979 DRC La Tache netted $8,125, three bottles of 1991 Chambolle Musigny G. Roumier achieved $3,500, and a duo of 1953 Margaux magnums set a world record at $18,750.

In short, the market remains strong for the finest and rarest wines. Global demand for white Burgundy, top Bordeaux and Champagne continue to defy the wider market sentiments. Don’t believe us? Email us your inventory and we will give you a bespoke sale plan that takes advantage of current market trends. Sell what’s hot. Hold what’s not.

As you read this, Zachys is still filling its November and December sales; so if you want to take advantage send your list to consignments@zachys.com for the latest auction estimates and we’ll help you from there!

Check out the site and the blog frequently for all of Zachys upcoming sales and events!