The Sotheby’s brand is so diverse in it’s practice, so revolutionary in our approach. From a remarkable world-renowned auction house to the constantly growing and evolving Sotheby’s International Realty division, there is much to look forward to for those affiliated with this extraordinary brand. From featuring the rarest art and most exclusive real estate that can be found worldwide, Sotheby’s is also known for being pioneers in some of the finest wine that can be produced across the globe, the Sotheby’s brand has now just published their inaugural rankings of the best global wine producers.
Domaine de la Romanee-Conti tops the list for this first ever ranking system that Sotheby’s has ever produced, all referencing wine producers over the past year of 2013. The top ten list goes over the best selling wine producers for 2013 based both on retail sales as well as at auction. The top selling wine markets according to various regions are also highlighted in the report.
As a whole, Sotheby’s sold $57.9 Million worth of superb wine at auction in 2013, with a splendid $19.8 Million of that, or 34%, being sold as single-owner sales. Throughout 2013, the top lot that sold occurred at the auction house in London for a case of Chateau Latour a Pomerol 1961 that acquired $167,508 upon its sale. The next significant sale was from an auction in New York City at our auction house where Opus One Vertical traded for $165,000.
With regards to fine wine, Sotheby’s now has a rapidly expansive presence in the United States, Asia, and all throughout Europe. Ultimately, the brand’s progression in the pricing and selling of wines has invigorated this niche market as the sales figures have offered a reliable and constantly changing barometer of the world’s most sought after wines.
Jamie Ritchie, the CEO and President of Americas and Asia Sotheby’s Wine, recently commented on this inaugural ranking and stated that, “The story of the 2013 Sotheby’s Ranking is the dominance of Domaine de la Romanee-Conti. Despite very limited production, strong demand led to high prices, making DRC our biggest seller globally in 2013 with sales of $7.2 million. Bordeaux was also heavily in demand making up 60 per cent of auction sales, Champagne led retail sales, and the $165,000 Opus One Vertical was only narrowly beaten to the top of our list of highest prices.”
When one considers what is luxury, there are not many better brands that epitomize exactly what it is all about. Every facet of the luxurious lifestyle is catered to by Sotheby’s, and our willingness to push the envelope and expand our avenues even further is brilliant. The diversity of this brand is unrivaled, and the publishing of such data on their wine auctions will go a long way to transforming the market due to these valuable high-level snapshots of global wine demand. This indeed is the evolution of the extraordinary, this is who we are at Sotheby’s.
More Information: The Economic Times