Zachys HK fine wine auction rakes in nearly £3m
Fine wine auction house Zachys held its long-touted “Collection of Graham Lyons Part III – The Final Offering” sale in Hong Kong last week, offering investors the chance to lay hands on “one of the greatest iconic collections still in private hands.”
The spectacular event was a huge success, with 100 percent of lots finding buyers and proceeds more than doubling pre-sale estimates at HK$32 million (£2.7 million).
The highlights of the sale included a Jeroboam of 1961 Haut-Brion which raked in HKD343,000 and a lot of three 1971 Domaine de la Romanée-Conti magnums which made HKD1.2 million. A magnum of 1874 Lafite sold for HKD196,000, while a six-bottle lot of 1961 Petrus realised HKD 539,000.
Almost all 315 lots were traced back to their point of purchase thanks to Graham Lyons meticulous note-keeping, Zachys said.
“The third instalment of the Graham Lyons Cellar exceeded all expectations, and our expectations were high,” Zachys president Jeff Zacharia commented. “From Bordeaux and Burgundy, to wine regions less seen at auction, bidders internationally realized that this auction was a once-in-a-lifetime opportunity, and the prices realized reflect that.”
Zachys is now gearing up for several other upcoming auctions, including sales in Hong Kong today, and in New York tomorrow, following by events in NYC on October 21 and in HK on October 31.