French wines set global price record at Christie's sale
Monday, 01 December 2008, 18:48 IST
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New Delhi: A range of Chateau Latour wines released directly from the French winery's reserve cellar have achieved a record price of $2.39 million at Christie's Hong Kong sale of rare wines, a statement issued by the global auction house said. A 1961 vintage Pauillac from the Chateau Latour collection in lot 127 fetched $170,340, while a 12 bottle case of 1959 vintage Pauillac from lot 20 fetched $116,140 at Saturday's auction. David Elswood, international head of wine for Christie's, said: "We have achieved extraordinary success with 60 percent of the lots selling above their pre-sale price estimates." "Almost 98 percent of the Chateau Latour wines were sold," he said. The winery is located in north-west Bordeaux. Christie's attributed the record sale to online and telephone bidding, apart from the direct bids.
Source: IANS
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