Enjoying the UKV blog?

Sotheby’s Wine generated record $118M at auction last year

Mar 10, 2020 12:42:10 PM / by Charles Agutter

Wine and spirits auction sales exceeded $118 million at Sotheby’s Wines, up 20 percent over the last year and a record high, revealing a healthy appetite among investors.

 “The electricity in the auction room was palpable,” he said. “There were cheers when the hammer fell on The Macallan Fine and Rare 1926, in what has to be one of the most exciting moments in the history of whisky sales.”


Record-breaking year


Burgundy and spirits gained wallet share, reaching new highs at 50 percent and 13 percent of sales, respectively.

The largest private wine collection from Transcendent Wines cost $30 million.

Sotheby's Wine was the leading worldwide in live auction and single-owner auctions.

"Single-owner collections attract greater attention from collectors who are willing to pay a premium for provenance and Sotheby’s held a number of important, high-profile single-owner sales this year," said Yassmin Dever, associate wine advisor for Sotheby’s Wine, New York.

Fine wine

Domaine de la Romanée-Conti remains the world’ leading fine wine for the seventh year in a row, bringing in $27 million in sales more than the top 10 Bordeaux producers combined.

The vineyard represents 25 percent of all wine sales, 44 percent of all Burgundy wine sales and 22 percent of all wine and spirits sales.

“We anticipate Bordeaux reclaiming market share through increases in both price and volume over the next few years, as supply of Burgundy normalizes and appreciation for the price-to-quality of Bordeaux gathers momentum,” the report revealed.

"Bordeaux is undervalued and we expect appreciation for the price-to-quality of this category to gather momentum," Ms. Dever said. "We anticipate Bordeaux will reclaim market share through increases in both price and volume over the next few years."

Champagne represented 5 percent of wine sales, up from 2 percent in 2018.

The average bottle price was up 110 percent.

Topics: Fine Wine Collecting, Wine 2020

Charles Agutter

Written by Charles Agutter

UKV International

Whisky Video

Request Whisky Brochure

Recent Articles

Wine Investment Guides


Sign Up to UKV Wine & Whisky Insights & News


UKV International have produced a range of exclusive video content to support your wine and whisky journey and our exclusive Events which we host on a regular basis throughout the year.



 Q & A's

Feedback and opinions from fine wine investors and their buying and selling experience with UKV International and the wine & whisky services offered. 

Collecting Casked Whisky

Over the last decade; investing in whisky has become increasingly popular, but why is there such a deluge of shrewd investors taking advantage of the market?



Vintage and Fine Wine Collecting Explained

An insight into vintage and fine wine investing -  the leading alternative asset class, governed by a unique set of market fundamentals and possibly the investment of the last decade!



Take Advantage of the Fine Wine Boom in 2020!


So, What Will The Wine Market Look Like in 2020?

According to the history books, fine wine is one of the most best performing assets of the last decade. However that doesn’t mean that the market never changes. Consumption and demand varies from country to country and emerging trends can often drive up the price of certain wines.


Fine Wine Collecting: 4 Fundamental Rules to Success


 There are only four fundamental ways to collect successfully in wine.

Investor behaviour is determined not just by rational risk-return considerations, but also by hidden psychological biases that influence individuals to make less than optimal decisions.


Why do individuals often ignore lucrative opportunities?


This behavior poses a conundrum, or seems irrational – and that’s because it is.

Alternative assets pose an interesting paradox:  with the consistent growth and often tax-free capital gains these assets consistently deliver, why aren’t more  individuals participating in the market to reap outsized rewards with relatively low risk?



Get the Latest on rare Whisky & Wine: News & Insights to your inbox every month!

Start collecting rare Whisky today.

UKV INTERNATIONAL AG can help select and acquire some of the best rare Whisky,  fine wines and champagne through our very extensive independent network of wine industry contacts.

We’re here to help potential and experienced investors who look to acquire the most prestigious and rare Scotch Whisky..

 (+41) 43 5084066

Follow Us: