A new world record has been set for a single bottle of wine of any size when a rare bottle of French Burgundy fetched $558,000 at Sotheby’s auction house in New York.
The bottle of 1945 Romanee-Conti fetched more than 17 times its original estimate of 32,000 with another bottle of the same wine fetching 496,000 dollars moments later.
With this development, both bottles broke previous record for the most expensive bottle of wine ever sold, which was the three liter bottle of Mouton-Rothschild auctioned for 310 dollars in 2007 at Sotherby’s.
Despite heavily damp-stained, scuffed, torn, and partially missing labels, the two bottles of French Burgundy are rare and wonderful, according to Serena Sutcliffe, Sotherby’s head of international wine department.
“The best bottles are so concentrated and exotic, with seemingly everlasting power – a wine at peace with itself,” she added.
The two rare bottles are one of just 600 that were made in 1945 by the Romanee- Conti vineyard in the Cote de Nuits region of Burgundy, France. They were made during the last year before the wine producer pulled up its older prized vines, replacing them with younger vines in 1947.
“The new world record established in today’s sale is further proof that the demand for wine and spirits of exceptional quality is at an all-time high, and that global collectors are willing to go the extra mile to acquire the rarest bottles of any kind,” Jamie Ritchie, head of Sotheby’s global wine business, told CNBC.
A bottle of The Macallan 1926 whisky had earlier this month been sold for a world record prize of about 1.1 million dollars at an auction by Bonhams in Edinburgh, Britain.
Another bottle of The Macallan whisky named The Macallan 1926 Sir Peter Blake was auctioned Saturday for a staggering price of 843,200 dollars, the highest price in Sotherby’s history for a single spirit and also as the top auction price for any spirit sold in North America.