The Sotheby's Lafite Ex-Cellar Auction in Hong Kong has seen furious buying so far, with numerous vintages fetching super-premium prices. On average, vintages 2000-2009 have changed hands at two-and-a-half times the price that the wines last traded at on Liv-ex. The 2009, for example, which is currently offered on the exchange at £11,200 per 12-pack, realised a massive £43,120 at auction (all auction prices quoted are for 12x75cl cases, including buyer's premium), whilst the 2003 was sold at £31,360 (compared to £11,200 on the exchange). Other stunners include the 2000 at £45,000 and the 1982 at £84,300 per case – more than double the wine's market value.
As you can see from the table below (which shows auction prices alongside recent Liv-ex trades), Hong Kong is certainly not the place to buy wine for investment purposes…
The auction is still in progress at the moment, but check back on Monday for a fuller analysis.
Three bottles of the 1869 have just sold for 1,815,000 HKD (£147,020) each.