For the first time in almost 20 sales Sotheby’s was left with one bottle too many of Chateau Lafite Rothschild after failing to attract buyers.
A Bloomberg report said, “Sotheby’s failed to sell all of the wine in a Hong Kong auction for the first time in 17 sales as China’s wealthy collectors passed on oversized bottles of Chateau Lafite Rothschild yesterday in Hong Kong.”
Sotheby’s, according to the report, raised HK$231.5 million during the first two days of its Hong Kong Autumn sales that included the wine and an evening offering of contemporary Chinese art.
“The auctions were part of six days of sales including 3,400 lots of porcelain, art and jewels that New York-based Sotheby’s forecasts will raise more than HK$2.7 billion,” said the report.
View the report here.
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