Heritage Auctions, the largest collectibles auctioneer and third largest auction house in the world, recorded their best year to date with their rare and fine wine sales in 2017. They had a 29% increase in total sales from the previous year and surpassed the $14 million mark. They also made history in the market by selling the 2 most expensive wine lots offered by any auction house in 2017.
The lots in question were 9 bottles of Romanée-Conti 2005, which sold for just over $150,000, and 9 bottles of Romanée-Conti 2006 which also went for a record $146,000. The Director of Rare and Fine Wine Frank Martell, said what a great rarity it is for a lot to surpass the $100,000 mark therefore, to surpass it twice, is an important accomplishment for Heritage Auctions.
Heritage Auctions’ crowning moment came during their presentation of The Romulus Collection: Compelling Burgundy from a California Gentleman which went under the hammer in September 2017. A stunning 44 world records fell with the most important being a 500-lot single-owned collection which went for $2.75 million and crushed its presale estimate of $1.8 million.