Handling Wine With White Gloves

By: Stephen Ranger

Case of Wine

what’s A White Glove sale? it’s when 100% of lots are sold

The mythical beast, the unicorn of the auction world, is the White Glove sale – when 100% of the lots in an auction are sold.

In February of this year we came close with 99.8% sold. However, we just surpassed that mark by achieving a completely sold-out auction in May. Meaning, 100% of all lots offered in our Fine Wine auction found buyers! Thank you to everyone who contributed to this success; sellers, buyers and supporters.

We were particularly pleased with the performance of the wines of the legendary Château Pétrus. With a wide variety of vintages on offer, many for long term cellaring, all of them had robust interest during the auction. Once again though, classed growth Bordeaux led the way with many lots recording as many as 20 bids.

For those of you interested in statistics, and we know many of you are, here are a few.

Auction Fun Facts

Total Lots Sold 448
Total Lots Unsold 0
Sold Percentage 100%
Average realised price above reserve 117.7%
Average realised price above low estimate 67.5%
Total Lots Sold Over Low Estimate 376
Total Lots Sold Over High Estimate 209
Total Bidders 217
Total Bids 4,152

 

Additional Highlights

Lot 116:
CHÂTEAU PÉTRUS 2010 (1)
 $4,080
Lot 313:
CHÂTEAU LE PIN 2000 (1)
 $4,200
Lot 300:
CHÂTEAU LAFITE ROTHSCHILD 1993 (2)
CHÂTEAU LAFITE ROTHSCHILD 1995 (1)
$3,960
Lot 398:
TENUTA DELL’ORNELLAIA MASSETO 2006 (3)
 $4,260
Lot 438:
CHÂTEAU LÉOVILLE BARTON 2000 (9)
$3,096
Lot 263:
OPUS ONE 1993 (2 hf. bt.)
OPUS ONE 2006 (2 hf. bt.)
OPUS ONE 2010 (1)
OPUS ONE 2011 (1)
$2,796
Lot 349:
DOMAINE ARMAND ROUSSEAU CHARMES-CHAMBERTIN 2012 (2)
DOMAINE ARMAND ROUSSEAU CHARMES-CHAMBERTIN 2013 (1)
$2,748

 

Consignment Opportunities for Our Fall Auctions

As much as we would like to bask in the glow of our past sale, we remain focused on gathering more great wines for our fall series of auction slated for September and November.

To consign in our upcoming fine wine or spirits auctions please visit our consignment page, or contact us by phone 416-504-9100 ext 1002 or by email finewine@waddingtons.ca.

The consignment deadline for our September auctions is July 20.

In the coming weeks we will be announcing some exciting news regarding a world class collection of Rare Scotch we look forward to offering this fall as well.

Until then, cheers!


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