Fine French wine fetches record-smashing $558,000 at auction

Marco Green
October 15, 2018

It's the furthest cry possible from Three Buck Chuck: A bottle of a 1945 Romanee-Conti, one of just 600 bottles produced that year by the maker of what's considered France's best Burgundy, has sold for an eye-popping $558,000 in NY on Saturday.

"The world auction record for a single bottle of wine of any size, established by Sotheby's NY in 2007, has stood for more than 10 years, and it was a privilege to top our previous success twice in one sale".

The bottle is one of 600 produced in 1945, just before the vines were pulled up for replanting.

It smashed the previous world record of $328,000 for a standard bottle when a 1869 Chateau Lafite Rothschild was sold in Hong Kong in 2010.

Its domaine, in the Côte de Nuits region, spans less than four acres, producing between 5,000 and 6,000 bottles per year.

But of all sizes, a $310,700 three-litre 1945 Mouton Rothschild scooped the previous record at a 2007 auction in NY.

Elsewhere at the auction, a bottle of 60-year-old 1926 Scotch whisky fetched $843,200 - failing to break a $1.2 million record set in October. Unlike wine, whisky stops maturing once bottled.

Jamie Ritchie, Worldwide Head of Sotheby's Wine, commented: "Today marks an extraordinary moment not only in the history of Sotheby's, but also in the auction market for wine and spirits worldwide".

The Macallan sold on Saturday was one of 12 specially commissioned by English pop artist Sir Peter Blake, was signed by him and released in 1986.

"Oliver Barker, chairman of Sotheby's Europe, said: "[Sir Peter's] celebrated commissions for some of the greatest bands of the 20th century, most famously for The Beatles, have transcended their intended objective to become icons of the age - a ideal pairing to the swinging sixties and to the spirit of the post-war Britain.

Other reports by Click Lancashire

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