Hong Kong – On 22 May 2025, Christie’s opened Luxury Week in Hong Kong at The Henderson with Iconic Wines from Joseph Lau Part III, which achieved a total of HK$72,890,000 / US$9,349,323 and was 100% sold. The sale drew highly competitive bidding, with nearly 70% of lots sold above high estimate. Millennials accounted for 55% of new buyers, and more than 40% of buyers bought online, reflecting Christie’s evolving digital presence and strategy to engage new and younger collectors. Notably, the offering of Henri Jayer achieved an impressive 200% hammer above low estimate, led by the top lot, 10 bottles of Henri Jayer, Vosne-Romanée Cros Parantoux 1999, which sold for HK$3,250,000 / US$416,865, more than triple the low estimate.

Following the success of Parts I and II at Christie’s Hong Kong in 2022, Part III brought the overall collection total to HK$198,228,750 / US$25,426,048, with an exceptional sell-through-rate of 98% by lot and a combined hammer price 185% above the low estimate. The results achieved are a testament to the rarity, esteem, and impeccable provenance of Joseph Lau’s wines. The journey continues with Parts IV and V of Joseph Lau’s Iconic Wine, which will be presented at Christie’s Hong Kong. Stay tuned for further announcements as we unveil the next chapters of this extraordinary collection.

Christie’s Wine sales in Hong Kong continue on 23 May with A Prodigious Private Cellar of Impeccable Provenance, offering collectors another exceptional single-owner collection of rare and prestigious wines.