November 16, 2010 / 7:10 PM / 7 years ago

Cheval Blanc sets world record at Christie's wine sale

* Imperial-size bottle of famed vintage goes for $304,375
 * Anonymous bidder snags top lot at Geneva sale
 
 GENEVA, Nov 16 (Reuters Life!) - An imperial-size bottle of
Cheval Blanc 1947, a rare Bordeaux find discovered in the secret
cellar of a great wine collector, sold for $304,375 on Tuesday
-- a world record for a single bottle at auction, Christie's
said.
 Equivalent to eight standard bottles of wine (6 litres), and
snapped up by an anonymous collector, it was the star lot at a
sale of 1,000 items, doubling the low end of its pre-sale
estimate.
 But gulp for gulp, it did not match the HK$1.8 million 
($232,000) per standard bottle achieved by a Chateau
Lafite-Rothschild vintage 1869 sold last month by rival
Sotheby's in Hong Kong, a spokesman said.
 "This wine is undoubtedly one of the greatest Bordeaux of
all times, not only because of its rare quality but also due to
its extensive life span, as it could still be kept and enjoyed
50 years from now with no problem at all," Christie's wine
specialist Michael Ganne said before the sale.
 It took Christie's two years to convince the owner to
consign the 1947 Cheval Blanc imperial, jeroboam, Marie-Jeanne
and magnum bottles for sale, once market conditions returned to
their current strength, according to the auction house.
 Christie's auction, which had been estimated to net a total
of $3.5 million, included a collection of bottles from Domaine
de la Romanee Conti, a renowned Burgundy.
 (Reporting by Stephanie Nebehay; Editing by Jonathan Lynn and
Paul Casciato)

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