Rare Wine Auctions Set New Records in the First Half of 2018

July 24, 2018

Feverish demand for Burgundy and renewed interest in Port marked sales from New York to Hong Kong.

During the first half of 2018, collectible wine auctions witnessed unprecedented prices and myriad new records in New York, Chicago and Hong Kong sales. Passion for Bordeaux gave way to feverish demand for Burgundy, and demand for vintage whisky skyrocketed. A relatively stable stock market contributed to the bidding euphoria.

With the auction market booming, many collectors decided that this was an apt time to sell. They were not disappointed. Here's a snapshot of the first six months of 2018.

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Single bottle of Penfolds 1951 Grange sells for Australian wine high of $78,000 at auction
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Legendary winemaker Henri Jayer’s final batch of Burgundies sells for US$35m
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The last batch of late legendary winemaker Henri Jayer’s Burgundies – which include some of the world’s most expensive wines – was sold for a mouth-watering 30 million euros (US$35 million) in Geneva on Sunday, well in excess of the estimated price. 

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