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Sotheby's expects Burgundy sale to gross $10m

Auction house Sotheby's expects an auction of Burgundy wine scheduled for next month to generate as much as $10 million (£6.15 million).

Up to 11,000 bottles will be sold in 1,300 different lots on April 2nd and the 3rd in Hong Kong, Bloomberg reports.

The auction house is expecting high prices from wine investors returning to the market after overseeing sales worth more than $14.6 million (£9 million) in a two-day auction back in January.

It is thought that the star performer at the sale will be Domaine de la Romanee Conti, with a number of classic bottles from the Burgundy estate set to go under the hammer.

These predictions come shortly after Sotheby's revealed that Burgundy wine Domaine de la Romanee Conti outperformed top Bordeaux brands at its recent London sale.

A bottle of the 2005 estate's vintage achieved £10,350 - considerably more than the £8,000 pre-sale upper estimate.
 



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Sotheby's is backing Burgundy wine in its next Hong Kong sale.
Sotheby's is backing Burgundy wine in its next Hong Kong sale.
Sotheby's is backing Burgundy wine in its next Hong Kong sale.