Friday 20 January 2017

Composer in €4m wine sale

Harriet Alexander

Published 23/01/2011 | 05:00

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.

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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

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