Zachys' New York Spring Season Concludes With Much Excitement

NEW YORK - May 12, 2014 - PRLog -- The Spring Auction At A Glance:

Lots Offered: 824

Percentage Sold: 98.4%

Pre-Sale Estimates: $2,133,650 - 3,265,650

Price with buyer's premium: $2,992,246


Click here (http://www.zachys.com/uploadedimages/downloads/1405NYpublicresults.pdf) for a complete list of auction results.

May 9, 2014, NEW YORK CITY - Zachys' Spring Auction was another highly impressive sale following a string of recent successes. The saleroom at Smith & Wollensky filled up early and saw near capacity crowds throughout the day. There was much excitement in the room as bidders raised their paddles high for a number of lots including the focused offering of Italian wines. They performed robustly as many connoisseurs were actively bidding on these featured lots. Most notably, a seven bottle lot of Sassicaia 1985 saw a price realized of $14,700 (Lot 478). Classic vintages of Barolo also exceeded expectations as was evident with Lot 476, 4 bottles of Barolo Collina Rionda di Serralunga Riserva Speciale Bruno Giacosa 1978 which realized $7692.

In total, The Spring Auction realized a price of $2.9 million dollars against pre-sale estimates of $2,133,650 - 3,265,650. The top performing lot of the sale was an original wood case of Chateau Lafite Rothschild 1982 which realized $41,650 (Lot 415).

Zachys President Jeff Zacharia commented, "We are thrilled at the splendid turnout and reception for this sale. It is a testament to the worldwide interest in remarkable wines with great provenance. Bidders responded very favorably to our featured Italian offerings which was very exciting as an auctioneer to see. Bordeaux showed continued strength as evidenced by the strong hammers. California and the Rhone showed solid results, in keeping with recent trends. I am very happy with the excitement that this sale generated and the prospects in the works for our fall schedule."

Impressive Results From The Spring Auction Include:

Lot 74: 6 bottles of Richebourg Meo-Camuzet 1991
SOLD $6737; Estimated $2600-4400

Lot 206: 3 bottles of Montrachet Pierre-Yves Colin-Morey 2002
SOLD $2695; Estimated $1100-1700

Lot 258: 6 bottles of Shafer Vineyards Hillside Select Cabernet Sauvignon 2002
SOLD $3920; Estimated $1500-2400

Lot 289: 2 magnums (1.5L) of Masseto 2003
SOLD $3062; Estimated $1200-1800

 Lot 322: 6 bottles of Barolo Falletto di Serralunga Riserva Bruno Giacosa 2000
SOLD $3430; Estimated $1500-2600

 Lot 413: 12 bottles of Chateau Cheval Blanc 1982
SOLD $15,925; Estimated $6500-10,000

 Lot 416: 12 bottles of Chateau Latour 1982
SOLD $22,050; Estimated $14,000-20,000

 Lot 425: 12 bottles of Chateau Haut Brion 1989
SOLD $24,500; Estimated $12,000-18,000

 Lot 646: Assortment Case Domaine de la Romanee Conti 1988 (12 bottles)
SOLD $23,275; Estimated $16,000-26,000

 Lot 806: 1 bottle of Macallan 25 Yrs. Anniversary Malt 1964
SOLD $3185; Estimated $1400-2000

Zachys is a third-generation family-owned business based in Scarsdale, New York, whose holdings include Zachys Wine and Liquor, New York Fine Wine Storage, Zachys Asia, and Zachys Wine Auctions. Contact Zachys Auctions at 914.313.2318 or visit zachys.com/auctions for further information.

Zachys will conclude the Spring season with our highly anticipated May Hong Auction taking place on May 24th. Our eAuctions will continue monthly throughout the summer with The May eAuction opening online on May 15th.

• All prices inclusive of a 22.5% buyer's premium

Zachys Wine Auctions, Inc.
Tel 914.448.3026 • Fax 914.313.2350

Email auction@zachys.com