Thursday 17 August 2017

Composer in €4m wine sale

Harriet Alexander

He's made his fortune through musicals such as Cats, Phantom of the Opera and Love Never Dies. And now Andrew Lloyd Webber has added over €4m to his bank balance with the sale of some choice bottles from his vast wine collection.

The eagerly anticipated sale in Hong Kong featured 8,837 bottles of classic French wines, including what experts regard as the finest white burgundies ever for sale in Asia.

Pre-sale estimates suggested that the 746 lots (mainly cases of 12 or six bottles, but also some individual bottles) would fetch just over €3m, but the salesroom was filled to capacity with what Sotheby's said was "spirited and jovial bidding from all over Asia".

Mr Lloyd-Webber is known for being a keen wine collector. He began accumulating desirable bottles as a teenager, and would have fine vintages delivered to him at his Westminster School.

The 62-year-old, who has amassed a €825m fortune from his musicals, said that he sold the wine because he did not have the space to store it.

The most expensive bottle was a magnum 1990 Domaine de la Romanee Conti, which sold for €20,500. The priciest standard-sized bottle was a 2002 Domaine de la Romanee Conti, three of which sold for €9,990.

The most expensive lot in the sale was a case (12 bottles) of Chateau Petrus 1982, which sold for €57,000 which works out at almost €800 per glass. Last year a case of the same wine sold for €70,000 -- or €970 a glass.

© Telegraph

Sunday Independent

Editors Choice

Also in World News