London – The February Fine Wine sale saw yet another big step forward for the wine department at Dreweatts & Bloomsbury Auctions, with a sale that far surpassed any previous wine sale for the firm. With the sale totalling £279,000 over 402 lots, it highlighted the benefits of the company’s joint venture with ‘online only’ wine specialist Bid for Wine.
The top lot of the day was a mixed case of Domaine de la Romanee Conti 2004 which sold for £16,856 with other highlights including a case of Chateau Margaux 2000 for £6,020 and a La Mission Haut Brion 1990 for £3,732. A single bottle of Chateau Mouton Rothschild 1949 realised £1444. There was also keen bidding on Jaboulet’s iconic ‘100 pointer’ Hermitage La Chapelle 1978 with the 7 bottles offered all selling above their high estimates and reaching a premium inclusive total of £4,680.
Chris Hambleton, Head of the Wine Department at Dreweatts said: “We have a small but dedicated team and have been working hard to achieve a balance of varied and interesting lots for buyers and good prices for vendors. This sale shows that Dreweatts is now somewhere that both vendors and buyers can come to with confidence and cements our position as a market leader in the discipline. The result builds on the successes of 2014 when wine sales returned to Dreweatts’ Mayfair saleroom at 24 Maddox Street. The tight focus on a smaller number of higher quality lots is clearly what our customers want from London sales and having the option to choose between these, and the regular sales on online platform Bidforwine gives us the ability to cater for all levels of the market for both buyers and sellers.”
Lionel Nierop, Managing Director at Bid for Wine said; “We are delighted by the result achieved. As well as good bidding in the room we had a strong presence with bidders from the US, Singapore and Hong Kong making a substantial contribution. Yet again this shows why London’s time zone makes it an unbeatable location for wine auctions with international reach.”
Dreweatts & Bloomsbury Auctions’ next Fine Wine auction will be in early May whilst Bid for Wine has several online sales scheduled over the coming months.
The Fine Wine auction was held at Dreweatts’ saleroom in London’s Mayfair on Tuesday 24th February 2015 in association with Bid for Wine.
The catalogue and results are available to view online at www.dreweatts.com and online bidding was available at live.bidforwine.com.