Clarence Dillon Wines to Boost Sotheby’s Hong Kong Sale

Wines dating back to 1891 from the cellars of Domaine Clarence Dillon in Bordeaux, including vintages from first-growth estate Chateau Haut-Brion, will go on sale at a Sotheby’s (BID) auction in Hong Kong in October.

Dillon, a New York financier, bought Haut-Brion in 1935 and his family-owned estate has expanded to include neighboring Chateau La Mission Haut-Brion and more recently Chateaqu Quintus in Saint-Emilion. Wines from all three will be in the auction.

Sotheby’s last sold wines direct from the Dillon cellars in New York in 2004, in a sale dominated by North and South American private collectors, it said in an e-mailed statement. The Asian auction in October is being planned at a time when investor demand has revived since last November, driving the Liv-ex Fine Wine 50 Index up 6 percent this year after a 16-month price slide which started in July 2011.

“The demand is still driven from the emerging economies,” Jeremy Peacock, senior wine broker at Vin-X Ltd. in London, said in an interview on Bloomberg Television’s “On the Move.” “The whole point about fine wine is it is a hedge against more volatile investments.”

Haut-Brion is one of the five left-bank first growths in Bordeaux’s 1855 classification. The estate has been making wine for more than 350 years. It acquired La Mission Haut-Brion in 1983.

Photographer: Deepix.com/Sotheby's via Bloomberg

Chateau La Mission Haut-Brion, a wine estate in the Pessac-Leognan appellation owned by Domaine Clarence Dillon. Wines from the cellars of the Chateau will go on sale at a Sotheby's auction in Hong Kong in October. Close

Chateau La Mission Haut-Brion, a wine estate in the Pessac-Leognan appellation owned by... Read More

Close
Open
Photographer: Deepix.com/Sotheby's via Bloomberg

Chateau La Mission Haut-Brion, a wine estate in the Pessac-Leognan appellation owned by Domaine Clarence Dillon. Wines from the cellars of the Chateau will go on sale at a Sotheby's auction in Hong Kong in October.

Haut-Brion’s most expensive wine of the past quarter-century remains its 1989 vintage, which was awarded a perfect 100-point score by U.S. wine critic Robert Parker. One case sold for 10,925 pounds at a Christie’s International Plc auction in London on Feb. 21 while another fetched 10,810 pounds at a Sotheby’s U.K. sale the same month.

Sotheby’s will auction more than 500 lots from Domaine Clarence Dillon in the Hong Kong sale, which the auction house estimates may fetch as much as HK$14 million ($1.8 million).

Here is a list of global wine auctions scheduled so far this year. Dates may be subject to revision, and links are to auction house sale catalogs and websites.

JUNE:

June 1:          Acker, Merrall & Condit, Hong Kong
June 6:          Christie’s, London
June 8:          Sotheby’s, New York
June 13/14:      Zachys, New York
June 28:         Christie’s, Paris
June 29:         Acker Merrall & Condit, New York
June 29:         Hart Davis Hart, Chicago

JULY:

July 11:         Bonhams, London
July 17:         Sotheby’s, London
July 27:         Bonhams, San Francisco

SEPTEMBER:

Sept. 6/7:       Zachys, Hong Kong
Sept. 7:         Acker Merrall & Condit, New York
Sept. 11:        Sotheby’s, London
Sept. 12:        Christie’s, London
Sept. 12:        Bonhams, London
Sept. 13/14:     Acker Merrall & Condit, Hong Kong
Sept. 14:        Bonhams, San Francisco
Sept. 21:        Hart Davis Hart, Chicago

OCTOBER:

Oct. 11:         Christie’s, New York
Oct. 23:         Sotheby’s, London
Oct. 24:         Bonhams, London
Oct. 24:         Christie’s, London
Oct. 26:         Hart Davis Hart, Chicago

NOVEMBER:

Nov. 13:         Sotheby’s, London
Nov. 23:         Bonhams, San Francisco

DECEMBER:

Dec. 7:          Hart Davis Hart, Chicago
Dec. 12:         Bonhams, London

To contact the reporter on this story: Guy Collins in London on guycollins@bloomberg.net

To contact the editor responsible for this story: Mark Beech at mbeech@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.