Acker Merrall & Condit, the New York-based auction house, signed of the Hong Kong wine industry's remarkable month with an estimate-busting sale on Saturday.

The auction achieved US$8.2 million, 10% above the high estimate despite 8% of the lots remaining unsold.

Acker President John Kapon reports:

Over 330 people packed the Island Shangri-La Ballroom in the greatest turnout we have ever seen, and bidding was ferocious in the room, often starting at the opening bid and going up, up and away from there. In fact, due to so much in-room bidding, the pace of 100 lots an hour forced us to move the second session upstairs in order to make sure that the evening wedding scheduled in the ballroom could still take place lol.

The top lot of the day was a case of Domaine de la Romanée-Conti 1990 which realized a spectacular HK$1.89 Million (US$242,308) including buyer’s premium after spirited bidding. Acker Merrall & Condit donated HK$327 ,600 (US$42,000), the entire buyer’s premium of 21% on this top lot to Habitat for Humanity, which is helping to rebuild housing for China’s earthquake victims.

The other top 20 lots were as follows:

Lot # – 464 6 magnum 1945 Mouton Rothschild Pauillac , US – $163,350.00 , HK – $1,306,800.00

Lot # – 463 12 bottle 1945 Mouton Rothschild Pauillac , US – $151,250.00 , HK – $1,210,000.00
Lot # – 563 12 bottle 1982 Chateau Le Pin Pomerol , US – $102,850.00 , HK – $822,800.00
Lot # – 362 1 double magnum 1945 Mouton Rothschild Pauillac , US – $96,800.00 , HK – $774,400.00
Lot # – 562 *B 1 magnum 1976 Dom Perignon Oenotheque , US – $90,750.00 , HK – $726,000.00
Lot # – 562 *B 1 magnum 1966 Dom Perignon Oenotheque , US – $90,750.00 , HK – $726,000.00
Lot # – 562 *B 1 magnum 1973 Dom Perignon Oenotheque , US – $90,750.00 , HK – $726,000.00
Lot # – 639 3 magnum 1996 Romanee Conti DRC , US – $72,600.00 , HK – $580,800.00
Lot # – 567 12 bottle 1989 Chateau Petrus Pomerol , US – $66,550.00 , HK – $532,400.00
Lot # – 572 12 bottle 1990 La Tache DRC , US – $66,550.00 , HK – $532,400.00
Lot # – 577 1 Methuselah 1998 Romanee Conti DRC , US – $66,550.00 , HK – $532,400.00
Lot # – 570 12 bottle 1971 DRC Assortment , US – $60,500.00 , HK – $484,000.00
Lot # – 370 6 magnum 1989 Chateau Petrus Pomerol , US – $57,475.00 , HK – $459,800.00
Lot # – 65 12 bottle 1990 Chateau Petrus Pomerol , US – $54,450.00 , HK – $435,600.00
Lot # – 571 12 bottle 1985 DRC Assortment , US – $51,425.00 , HK – $411,400.00
Lot # – 579 1 Methuselah 2002 Montrachet DRC , US – $51,425.00 , HK – $411,400.00
Lot # – 83 12 bottle 1982 Lafite Rothschild Pauillac , US – $48,400.00 , HK – $387,200.00
Lot # – 155 1 Imperial 1982 Lafite Rothschild Pauillac , US – $48,400.00 , HK – $387,200.00
Lot # – 375 12 bottle 1999 DRC Assortment , US – $48,400.00 , HK – $387,200.00
Lot # – 640 12 bottle 1999 DRC Assortment , US – $48,400.00 , HK – $387,200.00
Lot # – 455 12 bottle 1982 Lafleur Pomerol , US – $45,375.00 , HK – $363,000.00
Lot # – 623 12 bottle 1990 DRC Assortment , US – $45,375.00 , HK – $363,000.00
Lot # – 624 12 bottle 1990 DRC Assortment , US – $45,375.00 , HK – $363,000.00

All results will be online later this week. Our next Hong Kong auction will be November 22nd, 2008, and we have already begun to accept consignments for what is sure to be another spectacular sale.

The wine world just got a lot smaller, and we look forward to helping bring it together even more in the future!