Sunday, 14 April 2013

Henry Tang’s Burgundy Wine Collection Fetched $6.2 Million at Christie’s

After the illegal ground during the election of Hong Kong Chief Henry Tang scandal sold his collection of Burgundy wines for sale for Christie in Hong Kong, raising 4.1 million pounds (6.2 million) and higher Pre-sales of 2.4 million pounds ($ 3.6 million) estimate. "This collection of individual property comprises 71 Burgundy producers, many of whom were unsung heroes," said Christie of the sale two-day auction that ended on March 16.

Henry Tang's campaign for the CEO sank last year, when it was revealed that he had a huge illegal basement under his house Kowloon Tong, offering among other things - a cellar.

Auctioneer David Elswood for sale
810 lots went under the hammer are a collection of Tang fraction, accumulated over 30 years.

"From these wines, see how your collection has changed with him over 30 years of passion for wine," said Simon Tam, head of wine in China for Christie's auction house. "Some of these wines were purchased in small towns so small you would have to look at a map to find them. This collection represents the personal taste of Tang."

The collection featured 71 producers in Burgundy, with the best performance in the collection of a lot of six magnums of Romanée Conti Domaine de la Romanee Conti 1995 which sold for $ 154,800, above its pre-sale estimate $ 90.300 - $ 129,000, said Christie. Other batches of wine arouse interest considerable investment was a lot of 12 bottles of Montrachet 1978 Domaine de la Romanee-Conti, which was $ 110,000 over 77 against a $ 500 pre-sale estimate.

To be interesting, Tang does not consider himself a "collector", buying wine for your personal pleasure rather than an investment, based on political commentary caught in a promotional video produced by Christie.

In the catalog of the offer, Tang wrote: "I have never discouraged, and zealously try to get their hands on as many bottles, sometimes to the point of threatening my writing provider unspeakable Compiled a collection that many die. but unfortunately I am mortal. I realized that I have too much wine, and I would be unable to consume several times the life. "