Christie’s International Plc plans to auction vintage wines collected by Sir Alex Ferguson, former coach of Manchester United soccer team, which it estimates will fetch more than 3 million pounds ($5 million).
Wines from the 1990 vintage of Burgundy’s Romanee-Conti vineyards led bidding at sales at Bonhams in London and Wally’s Auctions in New York in the past two weeks amid demand for older bottles from the region.
A case of Chateau Petrus 1998, one of the two most expensive estates in Bordeaux, sold for a record 27,000 pounds ($41,500) on Liv-ex as investors sought rare older vintages even as demand in the broader wine market cooled.
Six bottles of 2002 Chateau Petrus, one of the two most expensive wine estates in Bordeaux, sold for 7,200 pounds ($10,970) on the Liv-ex market, a record high for the vintage and up 11 percent from the start of this year.
Three double-magnums of Chateau Petrus 1990 and a bottle of the same Bordeaux producer’s 1947 vintage set records at an Acker Merrall & Condit auction in Hong Kong, where the top lot was 1988 Romanee-Conti Burgundy.
Billionaire collector William Koch, after waging a $17 million legal battle over 24 bottles of counterfeit Bordeaux, was awarded $12 million in punitive damages by jurors, some of whom shook his hand after court.