Sold 99% By Lot | 125% Hammer Above Low Estimate.
Christie’s online sale, Finest & Rarest Wines Including a Collaboration with Grapes for Humanity Global Charity Foundation totaled $1,558,313, with 99% sold by lot and 125% hammer above the low estimate. The sale attracted 27% of first-time registrants and five auction records were set throughout the sale.
The top lot of the sale was a Domaine de la Romanée-Conti, Assortment 1996 (lot 164), which sold for $81,250. Other notable results were achieved for rare Burgundy wines, including a mixed set including 12 bottles of Domaine Leroy 1996 (lot 168), which achieved $47,500, and four bottles of Domaine Leroy, Clos de Vougeot 2002 (lot 170), which realized $21,250.
Unique lots donated as part of a charitable collaboration with Grapes for Humanity Global Foundation also achieved notable results and were 100% sold by lot. Proceeds from these lots will support projects aimed at mitigating the impact of climate change specific to the wine community.
Chris Munro, Head of Department, Wine and Spirits, Christie’s Americas, commented: “Following our successful wine sale in January, our second online auction out of Los Angeles continues to demonstrate the strength of the fine wine market. We were delighted to collaborate with the Grapes for Humanity Global Foundation and help raise $71,450 to fund projects affected by climate change.
Bidders from around the globe fought to secure some of the fantastic experiences donated by wine producers committed to this worthwhile cause. Elsewhere in the sale prices for the wines, Domaine de la Romanée-Conti continue to surge as a rare Assortment 1996 made $81,250 (estimated $40,000-60,000), and three bottles of Romanée-Saint-Vivant 1996 sold for $11,250 (estimate $6,000-9,000).
We now look forward to our next online auction in Los Angeles that opens on April 19.”
Arlene Willis, Founder, and CEO, of Grapes for Humanity Global, commented: “We are thrilled with the response to the auction and know that the funds raised will be a significant first step toward addressing the daunting challenge of climate change within the wine industry. Christie’s has been a game-changing partner, and we look forward to continuing to work together to address this existential challenge.”