The first of more than 30,000 cases of fine Bordeaux wine went under the hammer in London on Thursday (25 March).
The first of more than 30,000 cases of fine Bordeaux wine went under the hammer in London on Thursday (25 March). It was one of the biggest wine sales in recent years.
The wine was offered for sale by A. Delor and Company, one of the biggest the producers in Bordeaux, France. The action was organised by Christie's of London and held in the ballroom of the Quaglino Hotel.
The cases offered comprised both red and white chateau-bottled Bordeaux. The vintages ranged from 1950 to 1971 and consisted a fully representatives range of first-growth, classed growth and bourgeois claret.
Although produced in France, the wine was being sold in London, as the centre of the international wine auction market.
Delor offered the wine for sale because it has a considerable amount of capital currently tied up in fine vintage wine which needed to be released to finance the replenishment of stocks of generic and young wines. However, even after last week's sale a spokesman for Delor said the company would still have one of the most important fine wine stocks in Bordeaux.
The wine auction continued on Friday and Saturday (26 and 27 March).