Sunday, April 22, 2012

Wines Are Not Getting The Prices That They Got Last Year

A lot of six bottles from Domaine de la RomanĂ©e-Conti, each from a different year starting in 1996 to 2001, sold for HK$726,000 at a Christie’s auction last weekend. Christie’s

Young Wine Fails to Sell -- The Telegraph

The auction, held Saturday in Hong Kong, was only 74% sold, reflecting the choppy market for the world’s most coveted wines. Earlier in the month, Sotheby’s sold all of its wines at another Hong Kong event.

Christie’s results contrast with last year’s record-breaking sellout events, but these days, the market is fickle.

Read more
....

My Comment: Money is tight this year .... expect future auctions to also disappoint.

No comments:

Post a Comment