Home Latest Billionaire to promote 25,000 bottles of wine price $50m

Billionaire to promote 25,000 bottles of wine price $50m

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Billionaire to promote 25,000 bottles of wine price $50m

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A complete of 25,000 bottles of wine from the cellars of electronics billionaire Pierre Chen are as a consequence of go on sale in 5 devoted auctions by Sotheby’s over a 12-month interval.


A wine assortment dubbed probably the most precious ever bought – price an estimated $50m (£41m) – will quickly be up for grabs at public sale.

The assortment comprises a complete of 25,000 bottles of wine from the cellars of electronics billionaire Pierre Chen.

It is because of go on sale in 5 devoted auctions by Sotheby’s over a 12-month interval, that are collectively titled The Epicurean’s Atlas.



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Pierre Chen. Pic: Sotheby’s

Red burgundies account for probably the most precious tons, with two 1985 methuselahs (six-litre bottles) from the La Tache winery valued at as much as $190,000 (£155,000) every.

A uncommon bottle of 1982 Chateau Petrus, a Bordeaux pink, is estimated to fetch round $65,000 (£53,000).

White burgundies and classic Dom Perignon and Krug champagnes are additionally set on the market as a part of the gathering.

The auctions – extending around the globe – will begin and finish in Hong Kong, with others in Paris, Beaune (one of many key wine-making areas in France) and New York.

The first, to be held in November this 12 months, will provide a broader sense of the scope and high quality of the gathering up on the market.

The different auctions will concentrate on particular areas or kinds of wines.



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A six-litre bottle of Romaneé-Conti La Tâche 1985 is estimated to be bought for between $120,000-$190,000 (£98,500-£155,000). Pic: Sotheby’s



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Domaine Armand Rousseau Chambertin 1990 (12 bottles), estimated to fetch $4,000-$6,000 (£3,300-£4,900) per bottle. Pic: Sotheby’s

Mr Chen is the founder and chairman of Yageo, an electronics element maker whose components are present in the whole lot from cellphones to pill PCs and automobiles.

He has an estimated internet price of $5.4bn, in response to Forbes.

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“To me, wine is the 9th art,” Mr Chen stated in an announcement. “It is the only art form one can consume, using senses that other art forms don’t typically involve, such as one’s taste and smell, and it requires creativity on the part of the owner.”

The Taiwanese businessman acquired his “encyclopedic collection” over a 40-year interval, in response to the public sale home – and the bottles being bought are stated to characterize only a fraction of it.

“This is a cellar in which every bottle of wine has a story,” stated Nick Pegna, the public sale home’s head of wine and spirits, describing it as “the ultimate wine collection”.

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