IRVINE, Calif., Sept. 13, 2011 /PRNewswire/ -- Spectrum Wine Auctions LLC, one of the world's leading wine auction houses based in Irvine, CA, and global fine wine dealer Vanquish Wine Ltd. of London, England, announced a powerful new partnership today beginning with plans to hold a spectacular auction of the finest and rarest wines in London in February 2012, bringing new auction life back to a centuries-old market. This inaugural auction will feature only the most rare and unique wines that the international marketplace has to offer, and is sure to delight the most discerning collectors worldwide.
Following the success of Spectrum Wine's live auctions in California and Hong Kong, which have realized over $30 million USD in sales since launching in 2009, the partnership brings together one of the world's most exciting new international wine auction houses with Vanquish Wine Ltd., an established luxury drinks specialist and wine merchant powerhouse. Together they will offer a fresh, fun and exciting new venue from which to buy and sell wine in London.
Vanquish's Fine Wine division is led by Richard Brierley, a world-renowned auctioneer and former vice president, head of North American wine sales at Christie's. "I have long held the ambition of bringing the excitement that I knew at auctions in New York and Los Angeles to the more established auction scene in London," says Brierley. "Partnering with Spectrum Wine brings its technology, considerable global reach and experienced staff together with our established client-base, vast auction experience and exceptional client service."
The joint collaboration boasts several decades of auction experience and a global database of loyal clients, immediately establishing the Spectrum Wine-Vanquish team as a leading force in the London wine auction market.
"Richard Brierley and Vanquish's team are tremendously talented and have quickly become one of London's most trusted sources for fine wine," says Spectrum Wine Auction's President, Jason Boland. "We look forward to working closely with Vanquish to bring the world's best consignments to auction and to jointly service the London collectible wine market in the best way possible."
The first sale of this exciting new partnership is scheduled for early February 2012, with a date to be announced later in the year. Exceptional consignments of extraordinary wines for this inaugural auction are invited until December 1, 2011.
About Spectrum Wine Auctions
Following in the grand tradition of its sister auction companies, Spectrum Wine Auctions is a subsidiary of Spectrum Group International, Inc. (SPGZ: PK), a consolidated global collectibles network. The company is a leading auctioneer of stamps, coins, and other memorabilia, targeting both collectors and dealers. Building a strong financial foundation, Spectrum Group International is also a merchant/dealer of certain collectibles and trader of precious metals. The company's collectibles offerings range from the modest to ultra high-end in value and span the globe. Spectrum Wine Auctions also conducts semimonthly online auctions through www.spectrumwine.com. The company offers competitive incentives for consignors, including 30-day payouts in full for all lots sold regardless as to whether the firm has collected from each buyer, and the ability to consign both highly-collectible and commonly found wines.
Backed by many decades of auction expertise and driven by a team of dedicated wine specialists and enthusiasts, Spectrum Wine Auctions is committed to offering buyers and sellers alike the most accessible and expansive auction opportunities of what is simply the world's greatest consumable and collectible product—wine.
About Vanquish Wine Ltd.
Vanquish is London's leading Luxury Drinks Specialist focusing on the sale of fine wines, Champagne and premium spirits to an international group of private and trade clients.
Vanquish is an innovative and energetic business with a defined goal to be the best possible supplier, investor and drinks service provider in the luxury beverage market. The significant experience and knowledge base within the Vanquish team means that they are able to offer customers expert advice on product selection, aid in support from brand owners and advise and build cellars for collection, investment and consumption.
Such attention to detail has enabled them to secure the most discerning buyers in the world as clients.
By being customer focused, it provides them the understanding and the ability to address needs and expectations; enabling Vanquish to provide unsurpassed value in both product and services offered.
For more information on Spectrum Wine Auctions, please call at 949.748.4845 or visit www.spectrumwine.com.
SOURCE Spectrum Wine Auctions