Sotheby’s 2010 Wine Sales Bring $88.2 Million and Achieves Highest Worldwide Wine Total Ever

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NEW YORK, NY.- Sotheby’s Wine auctions in 2010 brought an overall global total of US$88,270,602; this is more than double last year’s figure and the highest in the company’s forty years of wine auctions. The year once again saw extraordinary demand from Asian collectors with every bottle offered in the eight Hong Kong auctions finding a buyer and major Asian participation in London and Hong Kong sales. Serena Sutcliffe MW, Worldwide Head of Wine at Sotheby’s said: “This has been a landmark year for Sotheby’s Wine. We achieved our largest ever total and now hold the record for a standard sized bottle, a bottle in any format and for a wine lot sold at auction. The phenomenal worldwide sell through rate was led by Hong Kong where every bottle in every sale has found a buyer. January 2011 marks my 20 year anniversary as Head of the Wine Department and I am thrilled to be celebrating it in Hong Kong