A COMBINED TOTAL OF HK$107 MILLION / US$13.7 MILLION

WELL IN EXCESS OF THE HIGH ESTIMATE
(HK$74 MILLION / US$9.5 MILLION*)

2 October: The Magnificent Cellar of Marcus D. Hiles
Totalled Approximately HK$50 Million / US$6.4 Million
Over 80% of Lots Sold in Excess of High Estimate (HK$36.5 Million / US$4.7 Million*)

3 October: The Classic Cellar from A Great American Collector Part VI
Totalled HK$57.3 Million / US$ 7.3 Million
Over 90% of Lots Sold Above High Estimate (HK$37.4 Million / US$4.8 Million*)

SOTHEBY’S HONG KONG ACHIEVED THE 9TH CONSECUTIVE
100%-SOLD WINE AUCTION IN ASIA IN THE LAST 18 MONTHS

Following the great success of Sotheby’s September wine auctions in London and New York, the two-day wine sale held at Sotheby’s Hong Kong concluded today with triumphant results - a testament to forty years of dedicated expertise of Sotheby’s wine department - marking the start of the new season. The sale of two outstanding private cellars - The Magnificent Cellar of Marcus D. Hiles on 2 October and The Classic Cellar from A Great 2 American Collector Part VI on 3 October realised an exceptional combined total of HK$107 million / US$13.7 million, well in excess of the high estimate (HK$74 million / US$9.5 million*). The saleroom was filled to capacity in the two-day sale and Sotheby’s Hong Kong completed the ninth consecutive 100%-sold wine auction in Asia in the last 18 months.

Serena Sutcliffe, MW, Sotheby’s Worldwide Head of Wine, said: “Prices during the last two days of sales were exceptionally buoyant, linked to the stupendous quality and condition of these two great private collections. Pétrus today was on fire! – all the First Growths, in all vintages, fetched astonishing prices, with the saleroom and the telephones going into battle for the amazing large formats.”

Robert Sleigh, Sotheby’s Head of Wine, Asia, commented: “With the sale of The Classic Cellar from a Great American Collector Part VI, Sotheby’s has sold HK$266 million / US$34 million of this superb collection. Asian collectors showed their confidence in this collection by bidding over 90% of the lots over the high estimate.

“Sotheby’s Hong Kong will provide the next opportunity to acquire great Bordeaux at auction in Asia with an extraordinary offering of Lafite direct from the Château on 29 October at the Mandarin Oriental, Hong Kong, with vintages from 1869-2009, followed by a fabulous collection of investment-grade top Bordeaux from SK Networks on
30 October.”

NOTES TO EDITOR:
A) Cumulative Sales Totals for The Classic Cellar from A Great American Collector Series

Total – HK$266 million / US$34 million

B) Upcoming Sotheby’s Wine Sales

Hong Kong (Mandarin Oriental)
29 October               Lafite Ex Cellars
30 October               The Bordeaux Collection from SK Networks

New York
13 November            Finest and Rarest Wines

London
20 October               Finest and Rarest Wines
17 November            Fine and Rare Wines & Vintage Port
8 December              Fine and Rare Wines & Vintage Port

Sothey's Sale Results - Sale HK0324 The Magnificent Cellar of Marcus D Hiles