Treasures Direct From The House of Krug 100

Press Release New York
For Immediate Release
New York | +1 212 606 7176 | Lauren Gioia | [email protected] |
Dan Abernethy | [email protected] |
Treasures Direct From The House of Krug
100% sold and
50% above high estimate at Sotheby’s
1 December 2012: Today, at Sotheby’s New York, the historic sale of Finest & Rarest Wines Featuring
Treasures Direct From The House of Krug brought a total of $2,643,795 with the sale 93% sold-by-lot and
97% sold-by-value. The Krug in the sale, which had never previously left Krug’s cellars in Reims was 100%
sold and brought a total of $782,285 – 50% above the high estimate of $522,100. 100% of the top ten
lots in the sale were bought by collectors from the Americas with eight of the ten biggest purchasers coming
from North or South America. There was particularly strong online participation with online bidders
competing for 54% of the lots and winning 22%. This was Sotheby’s last wine sale in New York this year and
brings the wine auction total to $17.7 million with an overall sold-by-value rate of 98%.
Margareth Henriquez, President and CEO of Krug said: “I am delighted with the result of this unique, once in
a lifetime auction. The enthusiasm, number and level of bids and the whole organization of the sale were
extraordinary. I profoundly appreciate, on behalf of everyone at Krug, the passion, interest and determination
shown by so many Krug lovers from around the world in their wish to acquire these rare Champagnes. We are
committed to enriching and perpetuating the vision of outstanding quality set down by our founder, Joseph
Krug. I would like to thank Serena and all the Sotheby's wine team for their great professionalism, together
with the whole Krug, Moet Hennessy and Moet Hennessy USA teams who all made this possible. The result
of this sale made me feel very proud and happy.”
Commenting on the Krug section of the auction, Serena Sutcliffe MW, Sotheby’s International Head of Wine
said: “It was an enormous honour and pleasure to see these historic Krug Champagnes leave their cellars in
Reims and find new homes around the world at our auction. The level of interest in these extraordinary cuvées
was electrifying and prices soared into the stratosphere. We wish to thank Krug for giving us the opportunity
to work with these superb Champagnes and to create a truly memorable sale which, of course, we shall
celebrate with.......Krug!”
On the various owner part of the auction, Serena continued: “This was a splendid sale with which to end the
year in New York. With a two-day sale in Hong Kong and an auction in London to follow, Sotheby’s has
already sold $59.3 million of wine in 2012. Interest was very buoyant and there were exceptional prices paid
for Romanée-Conti and Burgundy in general, with mature top growth Bordeaux also doing very well. We had
the feeling that people were treating themselves with great bottles for the holidays to come.”
Highlights
Krug section of the sale:
Lot 1: 2 bottles Krug Grande Cuvée Fraicheur, est. $700-1,000, sold for $1,960
Lot 60: 1 magnum Krug Collection 1973, est. $3,000-5,000, sold for $12,250
Lot 71: 12 botttles Krug Clos du Mesnil 1990, est. $20,000-30,000, sold for $58,188
Lot 79: 6 magnum Vertical Krug Clos du Mesnil (1x1990, 1x1992, 1x1995, 1x1996, 1x1998, 1x2000),
est. $14,000-18,000, sold for $42,875
Lot 80: 3 bottles Krug Clos d’Ambonnay 1995, est. $7,000-10,000, sold for $22,050
Various owner section:
2
Lot 172:
12 bottles 1990 La Tâche, DRC, est. $37,500-50,000, sold for $67,375
Lot 179:
12 bottles 1990 Charmes Chambertin, Joseph Roty, est. $5,000-7,000, sold for $11,025
Lot 200:
1 double magnum 1959 Mouton Rothschild, est. $12,000-18,000, sold for$20,825
Lot 202:
1 double magnum 1959 Lafite Rothschild, est. $9,000-12,000, sold for $18,375
Lot 283:
6 bottles 1995 Romanée-Conti, DRC, est. $42,500-60,000, sold for $79,625
#
#
#
3
(212) 606 7000 F (212) 606 7107 WWW.SOTHEBYS.COM
Sale Results
New York
Finest & Rarest Wines Featuring Treasures Direct From The House of Krug
1 December
2012
Grand Total:
Sold by Lot:
$2,643,795
93%
Lot
Price
198
$147,000
Château Mouton Rothschild 1945 (12 bts)
Estimate
$125/170,000
Buyer
US Private
283
$79,625
$42,500/60,000
Romanée Conti 1995 Domaine de la Romanée-Conti (6 bts)
US Private
284
$73,500
$45/65,000
Romanée Conti 1996 Domaine de la Romanée-Conti (6 bts)
US Private
172
$67,375
$37,500/50,000
La Tâche 1990 Domaine de la Romanée-Conti (12 bts)
US Private
71
$58,187
Krug Clos du Mesnil 1990 (12 bts)
$20/30,000
US Private
210
$58,187
Château Mouton Rothschild 1947 (6 mags)
$40/60,000
US Private
74
$42,875
Krug Clos du Mesnil 1996 (12 bts)
$20/30,000
Latin American Private
79
$42,875
Krug Clos du Mesnil Vertical
$14/18,000
Latin American Private
162
$39,812
Château Pétrus 1989 (12 bts)
$30/40,000
US Private
199
$39,812
Château Pétrus 1950 (11 bts)
$22,500/32,500
US Private
See Separate Release
Specialist in Charge: Jamie Ritchie/Duncan Sterling
Press Office Contact: Dan Abernethy (212) 606 7176
Please note all prices include buyer's premium. Sale session totals are net aggregate figures plus premiums. Sotheby's buyer's premium is 25%
of the hammer price on the first $50,000, 20% of the hammer price up to and including $1,000,000, and 12% thereafter on each lot. **Estimates
do not include buyer's premium**