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Singapore wine auction nets $5.8 mil, as valuable whisky fails to sell

Bloomberg
Bloomberg • 4 min read
Singapore wine auction nets $5.8 mil, as valuable whisky fails to sell
The value of the lots had been estimated to be $7.5 million. Photo: Bloomberg
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The oldest wine merchant in the US held its first live auction in Singapore on Saturday, seeking to capitalize on Asia’s increasing interest in big ticket vintages.

Instead, the sale by the wine auction house Acker fell short of projections, bringing in just $5.8 million. (Results were not announced until Tuesday.) The value of the lots had been estimated to be $7.5 million.

The auction featured more than 600 lots that included magnums of such esteemed wines as a 1995 Domaine de la Romanée Conti; 14 vintages of Bordeaux first-growth Château Latour dating back to 1982; 2008 Screaming Eagle Cabernet Sauvignon from California; and 14 vintages of Krug Champagne. Rare spirits on offer included 46-year-old Bowmore and 52-year-old Macallan whiskies from Scotland, and a 34-year-old Karuizawa Japanese whisky. 

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