FOR IMMEDIATE RELEASE
ACKER MERRALL & CONDIT ANNOUNCES MAY SALES TOTAL NEARLY US$15
HONG KONG AUCTION ACHIEVES THREE WORLD RECORDS
**A Case of 1988 DRC Romanée-Conti, A Case of
1982 Chateau Lafleur & A Single Lot of Comte Liger-Belair**
New York, NY – May 31, 2011 – Acker Merrall & Condit, the world’s premier wine auction
house and America’s oldest fine wine merchant, today announced its May auction results for
Hong Kong and New York. The combined auctions approximated an impressive US$15 million,
with Hong Kong sales totaling US$11.67 million, and New York sales totaling US$2,967,894.
John Kapon, CEO of Acker Merrall & Condit, in response to May’s sales said, "Our unrivalled
selection of rare and great wines was represented by numerous superb private collections,
boasting immaculate provenance and outstanding condition. For Hong Kong, we are particularly
pleased that the sale’s featured collection, which we carefully divided into four different sections
in the catalogue, totaled over HK$26.54 million/US$3.4 million, well-above pre-sale
expectations. The remarkable success of both of sales is indicative of Hong Kong’s continued
reign as the world’s number one wine hub and New York’s market remaining healthy. These
high marks also underscores Acker’s commitment to bringing the world’s best cellars to the
world's leading auction markets."
Auction Highlights – Hong Kong
The successful two-day wine auction held at the Island Shangri-La and Grand Hyatt Hong Kong
on May 27th and 28th reached an impressive total of HK$91 Million/US$11.67 Million, with
99% of lots sold. Three world auction records were established including that for a case of 1988
DRC Romanée-Conti, a case of 1982 Chateau Lafleur and a lot of Comte Liger-Belair, one of
Burgundy’s most storied and famous Domaines. Collectors competed enthusiastically throughout
the sale, which offered over 1,100 lots. With collections featuring vintages of the most
outstanding Bordeaux and Burgundy winemakers, the star lot was a rare wooden case of 1945
Mouton Rothschild with perfect provenance described as 'one of the immortal wines of the
Century' which sold for HK$1,281,000/ US$164,230 after heated bidding. Additional highlights
included 15 magnums of 1983-2002 Le Pin, realizing HK$829,600/ US$106,359; two full
original wooden cases of the highly sought-after 1988 Romanée Conti in pristine condition
achieved HK$829,600/ US$106,359 setting a world auction record for a case of 1988 DRC
Romanée-Conti; and an original wooden case of the legendary 1982 Chateau Lafleur attained
HK$439,200/ US$56,308, and established yet another world auction record.
Acker Merrall & Condit’s Hong Kong fall schedule is slated for September 16-17, November 4-
5 and December 9-10.
Auction Highlights – New York City
Though Hong Kong certainly leads the world wine market, New York’s market has been
consistently healthy, posting strong results. Acker Merrall & Condit’s May 21st auction at Marea
restaurant featured 678 lots that realized US$2,967,894 with 96% of lots sold. The top ten lots
originated from only three brands, Domaine de la Romanée Conti, Chateau Petrus, and Chateau
Lafite Rothschild, confirming the strength and power of these producers. The number one lot, a
mixed case of Domaine de la Romanée Conti, fetched a significant total of $46,360.
Acker Merrall & Condit will close the season with two exciting auction events, one totally
unprecedented. On June 3rd, Acker will auction two bottles of the world’s oldest champagne
recovered from the 19th century shipwreck off the Åland Islands of Finland. The final auction of
the season will take place on June 25th at a special location, which will be disclosed later this
About Acker Merrall & Condit
Founded in 1820, Acker Merrall & Condit is America’s oldest fine wine merchant and the
world’s largest fine and rare wine auction house. With affiliates in New York and Hong Kong,
Acker Merrall hosts over two dozen live and internet auctions annually, and conducts retail
operations from its historic headquarters on New York’s Upper West Side as well as in Asia.
Acker is devoted to helping customers buy, sell, and experience the world’s foremost wines.