NEW YORK, Dec. 15, 2016
/PRNewswire/ -- Today Sotheby's announces global wine auction sales
for 2016 of $72,806,516, a 21%
increase on the 2015 figure of $60.4
million.
Jamie Ritchie, Worldwide Head of
Sotheby's Wine, commented: "With a 20% increase in auction sales to
$73m, we significantly outperformed
the market. Our ability to source the world's great wines, and
expand the fine-wine collector base by bringing in new clients on a
global basis, is unparalleled. The market for rare wines that are
ready to drink continues to be very strong, while younger wines are
maintaining their prices and reasonably stable. We expect strong
demand to continue in 2017 and look forward to announcing a strong
series of sales."
Auction Sales
|
New York
|
$33,946,139
|
|
Hong Kong
|
$21,977,439
|
|
London
|
$16,850,651
|
|
TOTAL
|
$72,806,516
|
Sotheby's Wine Market Report offering an in-depth analysis of
the market will be published mid-January.
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Sotheby's has been uniting collectors with world-class works of
art since 1744. Sotheby's became the first international auction
house when it expanded from London
to New York (1955), the first to
conduct sales in Hong Kong (1973)
and France (2001), and the first
international fine art auction house in China (2012). Today, Sotheby's presents
auctions in eight different salesrooms, including New York, London, Hong
Kong and Paris, and
Sotheby's BidNow program allows visitors to view all auctions live
online and place bids in real-time from anywhere in the world.
Sotheby's offers collectors the resources of Sotheby's Financial
Services, the world's only full-service art financing company, as
well as private sale opportunities in more than 70 categories,
including S|2, the gallery arm of Sotheby's Contemporary Art
department, as well as Sotheby's Diamonds and Sotheby's Wine.
Sotheby's has a global network of 90 offices in 40 countries and is
the oldest company listed on the New York Stock Exchange (BID).
*Estimates do not include buyer's premium and prices achieved
include the hammer price plus buyer's premium.
New York | +1 212 606 7176 | Dan Abernethy | Dan.Abernethy@Sothebys.com
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SOURCE Sotheby's