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A 24-strong assortment of baijius fetched £1 million (US$1.4m) at a Sotheby’s public sale final week, setting a brand new file for the costliest single lot of Moutai bought outdoors of China.
The Moutai Sunflower 1974 assortment bought for 5 occasions greater than its estimate
The Sotheby’s Uncommon Whisky & Moutai sale in London opened bidding on 2 June and closed on 18 June, with 24 bottles of Chinese language baijiu producer Kweichow Moutai’s Sunflower 1974 headlining the public sale.
It was the primary Moutai lot to be offered for public sale by Sotheby’s within the UK and the costliest Moutai set to be supplied by the auctioneer.
The 24-strong assortment, housed of their authentic picket crate, attracted 14 bidders with an Asian collector buying the set. The vary was anticipated to promote for between £200,000-£450,000 (US$283,600-US$638,000) and achieved 5 occasions greater than its estimate.
Paul Wong, Sotheby’s Moutai specialist, stated: “We now have seen some spectacular outcomes for Moutai bought in Hong Kong, however this momentous worth takes the baijiu spirit’s standing amongst collectors to new heights.
“While present journey restrictions could stop our purchasers from transferring round, this has proved no obstacle to the rising momentum of Moutai’s reputation outdoors Asia.”
The public sale reached a complete of £2,046,688 (US$2.9m), greater than double the pre-sale low estimate.
A group of Japanese whiskies, led by a bottle of Karuizawa Cask #5627 1960, bought for £350,000 (US$495,232). It was estimated to promote for £240,000-£450,000.
Moreover, a bottle of The Macallan The Pink Assortment 78 Yr Outdated bought for £68,750 (US$97,278), and a bottle of Bowmore 50 Yr Outdated #1 Vaults 1966 fetched £43,750 (US$61,904).