Liquidation Auction Exceeds Face Value for Rarities

Although many fine-wine lots sold for well below the aggressive estimates, the prices were still above average
Peter D. Meltzer
Issue: December 15, 2001

At first glance, the results of the inventory liquidation auction on Sept. 22 and 23 looked extremely unfavorable: A case of Château Cheval-Blanc 1985, estimated at $4,500, sold for $3,500, and a bottle of Château d'Yquem 1945, estimated at $2,200, sold for $1,400.

For the full article, check out the new issue of Wine Spectator, on newsstands December 15, 2001.

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