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Alex Ferguson’s Wine, Liu Lead Christie’s Hong Kong Sales

Source: Christie's Images Ltd. 2014 via Bloomberg.

A six-liter methuselah of Romanee-Conti 1997 Domaine de la Romanee-Conti sold for HK$1.23 million ($158,000) at a Christie's International Plc wine auction in Hong Kong on May 24. Close

A six-liter methuselah of Romanee-Conti 1997 Domaine de la Romanee-Conti sold for... Read More

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Source: Christie's Images Ltd. 2014 via Bloomberg.

A six-liter methuselah of Romanee-Conti 1997 Domaine de la Romanee-Conti sold for HK$1.23 million ($158,000) at a Christie's International Plc wine auction in Hong Kong on May 24.

Bottles of Romanee-Conti belonging to former Manchester United Manager Alex Ferguson and a record-setting painting by Liu Wei led Christie’s weekend sales in Hong Kong.

After the first two days of auctions, Christie’s sold HK$854 million ($110 million) of wine, and 20th century and contemporary Asian art, according to the company’s website. The five-day spring sales end on May 28.

The Ferguson sale raised HK$29.5 million as wine lovers and football fans bid up prices. Many of the bottles bore Ferguson’s signature or were sold along with T-shirts to capitalize on the popularity of British soccer’s most-successful manager, who led Manchester to 38 trophies in 26 years before retiring last year.

“He’s famous,” said Powell Yang, a Hong Kong-based wine dealer who only bid successfully on two lots because so many others were willing to pay a premium compared to non-celebrity wines. “The prices were 30 percent higher than usual on Bordeaux and on Burgundy maybe 50 percent.”

The most expensive lot in the Ferguson sale on May 24 was a six-liter bottle, known as a methuselah, of Romanee-Conti Domaine de la Romanee-Conti 1997 that sold for HK$1.2 million.

The wine auction was followed by Christie’s evening sale of Asian 20th century and contemporary art that raised HK$493 million, according to the Christie’s website. That was less than the HK$670 million sold at Sotheby’s (BID) evening sale on April 7 for the same sale category.

Source: Christie's Images Ltd 2014 via Bloomberg

Alex Ferguson, former Manchester United manager, signs a bottle of wine to be sold at Christie's Hong Kong on May 24. Close

Alex Ferguson, former Manchester United manager, signs a bottle of wine to be sold at... Read More

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Source: Christie's Images Ltd 2014 via Bloomberg

Alex Ferguson, former Manchester United manager, signs a bottle of wine to be sold at Christie's Hong Kong on May 24.

The 1998 Liu painting titled “Landscape” sold for HK$21.4 million, compared with a high estimate of HK$12 million. It broke the artist’s record set at a Christie’s sale in November of HK$20.3 million, according to the Artnet price database.

The five-day sale of contemporary Asian art, classical Chinese paintings and ceramics, jewelry, watches and wine is estimated by the auction house to raise HK$2.5 billion.

Ferguson also sold bottles of first growth Bordeaux wines from the chateaus of Haut Brion, Margaux, Lafite, Mouton Rothschild as well as right bank Bordeaux Chateau Petrus.

To contact Bloomberg News staff for this story: Frederik Balfour in Hong Kong at fbalfour@bloomberg.net

To contact the editors responsible for this story: Matthew G. Miller at mmiller144@bloomberg.net Tomoko Yamazaki, Andreea Papuc

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