Sotheby’s To Auction 1st Growth Chateau Margaux Wines In October
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Wines from the cellars of Bordeaux 1 st growth Chateau Margaux wines dating back to Y 1900 will go on sale at Sotheby’s (NYSE:BID) New York in October in an auction estimated to fetch as much as $1.4-M.
The earliest bottle, from the Y 1900 vintage, is priced at up to $15,000, and a bottle dating from Y 1945 is estimated at $4,000.
The wine sale is intended as a retrospective of the Mentzelopoulos family’s ownership of the estate, which dates back to the Y 1978 vintage. It comes on signs prices for recent top Bordeaux wines are beginning to revive after a price slump since mid-2011.
“This is a truly historic sale,” Jamie Ritchie, CEO of Sotheby’s Wine, Americas & Asia said. “It provides a complete picture of the Mentzelopoulos era.”
Owner Corinne Mentzelopoulos has put together a sale that includes a lot comprising 1 bottle from each of 35 vintages made under her family’s stewardship between Y’s 1978 and 2012, estimated at as much as $25,000.
There are also lots comprising bottles from each vintage of the 1980’s, 1990’s and 2000’s. The sale is scheduled for 17 October in the New York rooms.
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