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Acker Closes 2018 with US$125M in Total Sales, over 2,150 New World Records & $1 Billion in Lifetime Auction Revenue

January 9, 2019

NEW YORK--(BUSINESS WIRE)--Jan 9, 2019--Acker Merrall & Condit has been the world’s leading and largest wine auction house for more than a decade, ending 2018 with the firm firmly atop the fine and rare wine auction market. Acker concluded its 2018 auction season in New York City in December with an impressive US$105 million in total auction sales, representing an increase of 31% compared to 2017’s revenue. Indicative of the firm’s #1 position, Acker set a remarkable 2,150+ new world records during 2018, while crossing the milestone of $1B of revenue in total auction sales in its June Hong Kong sale this same year.

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Three of the top selling lots of 2018 at Acker Merrall & Condit: 1999 H. Jayer Vosne Romanee Cros Parantoux (sold USD$153,600); incredibly rare 1863 Niepoort in Lalique Vintage Port (sold USD$128,000); and 1999 DRC Romanee Conti (sold USD$124,000) (Photo: Business Wire)

The firm will start 2019 with two spectacular live auctions in Hong Kong (January 19 th) and New York (February 1 st ), both featuring multiple consignments directly from some of Burgundy’s greatest and most sought-after producers, including Domaines Comte Liger-Belair, Meo-Camuzet, Lignier, Bizot, Fourrier, de Montille, Gouges, Duroche and Clos de la Chapelle, some of whom are releasing their cellars direct-to-auction for the very first time. The firm’s “Grande Fete de Bourgogne,” a week-long celebration and series of events dedicated to the great wines of Burgundy begins Monday, January 28 th continuing through its extraordinary auction of fine and rare wines at New York’s Vaucluse restaurant on Friday evening, February 1 st, 2019.

“Continuing to be the market leader is a privilege and great responsibility that will never be lost on me. Two thousand eighteen was an amazing year for fine and rare wine, with demand increasing to unprecedented levels for many of the world’s most collectible wines,” said Acker Merrall and Condit Companies Chairman John Kapon. “Acker will continue to work as hard as we can to be the world’s greatest wine ambassadors, and to open and share as many bottles as we can as we go. We look forward to a very happy and prosperous 2019 for all.”

For more information on Acker’s upcoming 2019 auctions, or to consign a collection, visit www.ackerwines.com.

Acker’s Top Ten Lots Sold in 2018 (by price):

About Acker Merrall & Condit

Established in 1820, Acker Merrall & Condit is the oldest wine shop in America and the world’s largest fine and rare wine auction house. Since the third generation of the wine merchant family Mr. John Kapon, Chairman of AMC, started the auction business in 1998, the house has gained worldwide recognition. With its branch in Asia, the company not only roots deep in Asia, but has also pioneered the wine auction market in Hong Kong. The house has been the top wine auctioneer in Hong Kong for over a consecutive decade while maintaining its position as the world’s number one wine auction house.

Led by fine wine expert and master taster Mr. John Kapon, the auction house holds more than 15 live auctions each year, with online auctions held each month, broadcasted to major Asian cities such as Beijing, Shanghai, Taipei, and Tokyo, inviting collectors around the globe to participate in real-time bidding. With affiliated companies in Hong Kong, New York City and Tokyo, AMC offers a vast array of services, including cellar consultations, a deep retail inventory of fine and rare wine for immediate sale, first class wine education amenities, in-store tastings of high-end wines daily, and its ne plus ultra – fine and rare wine auctions.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190109005491/en/

CONTACT: Media enquiries:

Lambert Jemley

Email:lambert@ackerwines.com

Website:www.ackerwines.com

KEYWORD: UNITED STATES ASIA PACIFIC NORTH AMERICA NEW YORK HONG KONG

INDUSTRY KEYWORD: RETAIL WINE & SPIRITS

SOURCE: Acker Merrall & Condit

Copyright Business Wire 2019.

PUB: 01/09/2019 09:03 AM/DISC: 01/09/2019 09:03 AM

http://www.businesswire.com/news/home/20190109005491/en

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