Sotheby's 2017 Global Wine Auctions Total $64 Million

NEW YORK, Dec. 21, 2017 /PRNewswire/ --

• Top Lot:
• The Macallan In Lalique Legacy Collection 
• Sold for $987,994, A Record For A Whisky Lot At Auction
• Top Wine Lot:
• 12 bottles Vosne Romanée, Cros Parantoux, Henri Jayer 1990
• Sold For $156,825
• 25% Of Lots Under $1,000
• 6 Single-Owner Sales
• Over 60 Events and Tastings In 19 Cities
• Buyers From 50 Countries
• 24% Of Bidders New To Sotheby's
• 20% Of Lots Sold Online
• 64% Of Lots Sold Exceed High Estimate
• Expanded Team in New York & Hong Kong
• Single-Owner Sales Planned In NY, HK, and London In 2018
• Retail Sales Up Over 50% On A Same-Store Basis
• Sales Of Sotheby's Champagne Up 60%

Today Sotheby's announces global wine auction sales for 2017 of $63,832,387.

Jamie Ritchie, Worldwide Head of Sotheby's Wine, commented: "2017 was a very strong year for Sotheby's Wine in which we delivered great results across both our retail and auction businesses at a time of market stability. All vintages of Red Burgundy, from the best growers, as well as mature wines, that are ready to drink, from all regions all over the world continue to be the main areas of growth, with demand from collectors around the world driving outstanding prices. Our highpoints this year included the recording-breaking sale of The Macallan in Lalique Legacy Collection, the Cellars of Don Stott and Park B. Smith, and robust growth in our retail and online stores. We look forward to building on this success and rolling out new digital products and an expanded range of services in 2018."

Auction Sales

Sotheby's Wine Market Report offering an in-depth analysis of the market will be published mid-January.

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Sotheby's has been uniting collectors with world-class works of art since 1744. Sotheby's became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby's presents auctions in eight different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby's BidNow program allows visitors to view all auctions live online and place bids in real-time from anywhere in the world. Sotheby's offers collectors the resources of Sotheby's Financial Services, the world's only full-service art financing company, as well as private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Contemporary Art department, as well as Sotheby's Diamonds and Sotheby's Wine. Sotheby's has a global network of 90 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).

*Estimates do not include buyer's premium and prices achieved include the hammer price plus buyer's premium.

New York  |  +1 212 606 7176  | Dan Abernethy | Dan.Abernethy@Sothebys.com |

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SOURCE Sotheby's