Zachys' Inaugural Washington D.C. Auction: 100% Sold, Realizing $5.4 Million

The global auction house held the first commercial live auction in D.C. in the last 30 years, with lots surpassing pre-auction estimates and setting new auction records

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Zachys

Nov 02, 2017, 16:58 ET

WASHINGTON, Nov. 2, 2017 /PRNewswire/ -- Zachys' inaugural Washington D.C. auction, held at Charlie Palmer Steak on October 27 and 28, was deemed a large success, nearing the pre-sale high estimate with $5,403,820 sold.

Several lots in Zachys' D.C. auction surpassed pre-auction estimates and set new auction records. Twelve bottles of 2010 Rousseau Chambertin (lot 1716) set a world auction record by selling for $34,440. Pictured: Lots 1713, 1715-1716, 1720, 1724, 1726-1727 and 1730.
Several lots in Zachys' D.C. auction surpassed pre-auction estimates and set new auction records. Twelve bottles of 2010 Rousseau Chambertin (lot 1716) set a world auction record by selling for $34,440. Pictured: Lots 1713, 1715-1716, 1720, 1724, 1726-1727 and 1730.

The two-day auction was filled with live bidders, as well as online and absentee bidders from the Far East, South America and Europe. Top lots included DRC Romanée-Conti, several lots of which set American auction records: three bottles of Romanée Conti 2012 (lot 988) sold for $41,820 and three bottles of the 2012 (lot 989) sold for $44,280. Twelve bottles of  Rousseau Chambertin 2010 (lot 1716) set a world auction record by selling for $34,440.

Additional lots of Domaine de la Romanée-Conti were top performers, with 45 lots realizing $525,087, surpassing the pre-auction high estimate of $444,500. A total of 717 lots, nearly half of the auction, sold above their pre-auction high estimates, and 49 lots sold for over $10,000.

"We were thrilled with the results of our inaugural D.C. auction, as was the Capital Collector himself, who joined us for both days in the sale room. The prices for rare Burgundy like DRC, Ramonet, Rousseau, Mugnier were strong, and we can't wait to bring the energy back to New York for our Holiday Auction on December 1 and 2," added Zachys' President Jeff Zacharia.

In addition, as part of Zachys' California Strong initiative,  Zachys will donate $12,305, 100% of the buyer's premium from California lots sold, to California wildfire relief. The company as a whole reached their $25,000 goal, and all proceeds will be split amongst the three noted charities.

Zachys' next auction, The Holiday Auction, Fine and Rare, will be held in New York on December 1 and 2 at Smith & Wollensky. Guests can reserve their seat by emailing auction[at]zachys[dot]com.

For more, visit https://auction.zachys.com/.

About Zachys: Zachys is the trusted and preferred choice for buying, collecting and consigning fine wines. As a third-generation family-owned business based in Scarsdale, New York, Zachys' holdings include Zachys Wine & Liquor, Zachys Wine Auctions in the U.S. and Hong Kong, and Zachys Storage New York and D.C.

CONTACT
Genna Cappellini
914.874.8082
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SOURCE Zachys