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Liquid Assets Q2 2021: A "new normal" and a change to the status quo worldoffinewine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldoffinewine.com Daily Mail and Mail on Sunday newspapers.
Traditional wine auction houses and retailers see more opportunity as digital currencies gain traction Cryptocurrencies like Bitcoin have sped up their transaction time in recent years, making it easier for wine merchants to accept them as payment. (Courtesy of BTC) By May 11, 2021 When Louis de Bonnecaze started diving into digital currencies in 2015, he saw a unique opportunity for the fine wine industry. Three years later, the CEO of BTC Wine, a Bordeaux-based wine retailer, became one of the first to accept cryptocurrencies, or “crypto,” as payment for prestigious French wines. I thought it was a good idea to use crypto as payment because it is fast, secure and convenient, de Bonnecaze told ....
Sign up to our email newsletter Be the first to know about the latest in luxury lifestyle news and travel, delivered straight to your inbox each week. Email Adress Sign up Home | Auctions & Fine Wine Market | Liquid Assets 2020 (Q4): Coping with Covid-19: How the fine-wine market is making the best of a tough year Liquid Assets 2020 (Q4): Coping with Covid-19: How the fine-wine market is making the best of a tough year By Chloe Ashton | March 23 2021 The top lot at Sotheby s Hong Kong sale, July 5, 2020: A Methuselah of DRC Romanée-Conti 1999, sold for HK$2,108,000 / US$271,911. Photography courtesy of Sotheby’s ....
Jan 30, 2021, 12:54 PM IST US auctioneer Hart Davis Hart has completed its 2020 season with a two-day record shattering sale featuring the wines from the late Joseph Phelps cellar. For a total of US $10.4 million, the entire collection was 100 percent sold, almost $2m above the high pre-sale estimate, with 82 percent of the lots offered selling above their high estimates as well. Last Friday s first session included the wine cellar of the late Joseph Phelps. In total, it made $2.2 million (above a high estimate of $1.3 million) with buyers jumping at the opportunity to purchase Lafite Rothschild 1865 and 1948 bottles ($31,070 each) and 11 Latour 1959 bottles ($77,675) and 12 Latour 1961 bottles ($23,900), and rare Californian classics 1971 Ridge Vineyards Cabernet Sauvignon Eisele Vineyard (two bottles selling for $20,315-a new record), 1974 Heitz Cellar, Martha s Vineyard Cabernet Sauvignon, 1978 Joseph Phelps Eisele Vineyard and Insignia, as well as great Burgund ....
Decanter Rare Lafite and Napa wines sold from Joseph Phelps private cellar A bottle of Lafite from 1865 and a series of rare gems from 1970s California have fetched high prices in an auction of wines owned by the late Napa Valley pioneer Joseph Phelps. It said 501 lots from the ‘personal estate of Joseph Phelps’ fetched $2.2m (£1.64m) in total, versus a pre-sale high estimate of $1.374m. An auction list showed how Phelps, who died in 2015, had collected great wines from around the world for his private cellar, alongside his pioneering role in elevating the winemaking and reputation of Napa Valley. ....