Welland Wine Collection Goes on Sale at Wally’s New YorkGuy Collins
An auction of almost 100,000 bottles of wine valued at $15 million from the collection of Roy Welland, former owner of Manhattan restaurant Cru, started in New York today and concludes in Los Angeles in November.
The sale, including choice Burgundies and more than 750 cases of Chablis, comprises a two-day auction in New York today and tomorrow and a second sale in Beverly Hills scheduled for Nov. 21 and Nov. 22, according to the website of auctioneer Wally’s.
The Welland collection includes 2,000 cases of grand cru Burgundy, from producers such as Domaine Joseph Drouhin, Domaine Georges Roumier and Domaine Armand Rousseau, as well as magnums of Chambertin Dujac 2005, according to descriptions by Wally’s released before the sale. It also comprises 50 cases of Barolo Monfortino Riserva Giacomo Conterno from Italy.
“Provenance has always been the most important thing, I think, when buying Burgundies,” Welland, 51, said in a phone interview this week. ‘They really need to be stored really well. I think that being careful in that respect has paid off at this point.’’
The sale is also being conducted through an online auction process as well as retail offerings. Wally’s Wine & Spirits, a Los Angeles store founded in 1968, set up a New York-based auction business last year, holding its first sale at the Whitney Museum of American Art in November.
Cru, which was located on Fifth Avenue in Manhattan, is closed and Welland is now the owner of Cerbaie Winery in Tuscany.