NEW YORK--(BUSINESS WIRE)--Acker Merrall finished 2017 as the Undisputed #1 Live Auction firm in the World, with over US$73.5 Million in Live Auction revenue in the two most important global markets, Hong Kong and New York City, and over $80 million overall. That represents almost a 40% gain from 2016. The firm also set almost 1700 New World Records, an unprecedented figure, again the global market leader for this important statistic in 2017. Acker Merrall will also lead the fine wine market quickly into 2018 with two special auctions on January 27th in Hong Kong and February 9th in New York City, celebrating Chinese New Year in HK with two (USD) Million+ dollar collections, as well as Burgundy in New York with its ‘Fete de Bourgogne,’ featuring many consignments direct from the cellars of some of Burgundy’s top producers.
The firm finished its banner vintage on December 13th in New York City. The Auction’s Top 10 Lots were a perfect reflection of what drove 2017 Worldwide – strong prices for the Burgundy and Bordeaux, led by Domaine de la Romanee Conti and the First Growths respectively. A three-bottle banded OWC of 2008 Romanee Conti was the number one selling lot at $43,225, followed by two OWCs of the 2001 DRC Assortment and an OWC of 1982 Lafite Rothschild, all three of which were bought for $39,520. Next up was a six-bottle banded OWC of 2005 DRC La Tache bought for $32,110, then two legendary Bordeaux followed as three double magnums in OWC of the 1989 Haut Brion sold for $27,170 and a twelve-bottle OWC of 2000 Mouton Rothschild sold for $22,230. Completing the Top 10 Lots were a six-bottle banded OWC of 2013 DRC La Tache at $19,760, a ten bottle lot of the great 1982 Mouton Rothschild that sold for $14,820 and a rare magnum of the 2001 DRC Montrachet also selling at $14,820.
“There are a lot of ‘We’re Number #1’ chants being thrown around, but if you look at the facts, Acker Merrall is the Undisputed #1 Live Wine Auction firm in the World, with over US$73.5 Million in Live Auction revenue. What is also indisputable is the fact that Acker Merrall is also #1 in the market for the past decade,” asserted John Kapon, Chairman of Acker Merrall and Condit Companies. “We have to thank each and every one of our clients for making it all possible, and we will continue to work our hardest for all of them. Many have already entrusted us for early 2018, which is shaping up to be another great vintage for Acker Merrall. Over US$10 Million has already been committed for our first two auctions in Hong Kong and New York on January 27th and February 9th. Rest up and drink up this holiday season, we will be ready for all you fine and rare wine lovers first and foremost in 2018! Happy holidays!”
Acker Merrall will kick off 2018 with multiple Million+ dollar collections in Hong Kong ahead of Chinese New Year on January 27th 2018 and in New York City with its ‘Fete de Bourgogne’ on February 9th. For more information about please visit www.ackerwines.com.
About Acker Merrall & Condit
Founded in 1820, Acker Merrall & Condit is America’s oldest fine wine merchant and the world’s largest fine and rare wine auction house. With affiliates in New York, Hong Kong and Tokyo, the company holds more than fifteen live auctions each year, with online auctions held each month. Acker’s team of experts is devoted to helping customers buy and sell the best wines and sharing with them the experience of enjoying and learning about wine. The company spreads its expertise in global wines by organizing weekly wine dinners through its affiliate, the Wine Workshop, and managing the wine programs in the corporate dining rooms of Fortune 500 companies. An extensive inventory of fine and rare wine is available at all times from Acker’s retail store on the Upper West Side of Manhattan, in Hong Kong at its Kennedy Town offices, and through its Fine Wine Concierge service. Three generations of the Kapon family have been dedicated to bringing the best of the vine from their family business to global customers for almost a century.