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Rising Value of Unrestored Cars

By Malcolm Welford, Vintage Car Specialist
 

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Acker

Acker, Merrall–And The “Icemen”–In Chicago

January 27, 2012

Acker, Merrall and Condit may have seasonally titled its first wine sale of 2012 “The Icemen Cometh,” but even in Chicago, it’s expecting a warm result. The world’s top selling wine auctioneer in 2011 will be offering 726 lots at the January 28th event, the highest valued of which is a 12-bottle assortment of 1985 Domaine de la Romanee Conti including 3 bottles of La Tache, 2 of St. Vivant-lstdc, and 3 of Echezeaux. It’s estimated at $40,000-$60,000.

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Records Fall At Acker Merrall Hong Kong Sale

December 13, 2011

The general news about Acker Merrall & Condit’s recent sale in Hong Kong was certainly upbeat: the company sold 92% of over 800 lots offered for a total of $9.09m. The specific news was even better. A superlot of 55 bottles of DRC Romanee Conti containing every vintage released between 1952 and 2007 sold for an astounding $813,333—or almost $15,000 a bottle. That was the highest price paid for a lot of wine this year, as well as the highest every paid for a lot of Romanee Conti at auction.

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Burgundy Scores Records in Hong Kong

November 07, 2011

It was getting repetitive: another wine auction, more record prices for Bordeaux, so this past weekend in Hong Kong sparked a notable change when record prices were set for burgundies at the Acker Merrall & Condit auction that reaped $14.45m in two days. Nearly every lot was sold at prices exceeding expectations. The big draw was Part II of Don Stott’s burgundy collection.

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Shipwreck Champagne Pops To $43,630

June 06, 2011

An online bidder in Singapore paid a world record $43,630 on Friday for a single bottle of vintage Veuve Cliquot champagne. Found in a 19th century shipwreck in the Baltic, the bottle is thought to have been produced between 1811 and 1830. It was part of a cache of 145 bottles that had been on their way to Tsar Nicholas 1. A second bottle of champagne by Juglar, a company that ceased to exist in the early 19th century, sold for $35,000 at the auction in Aland Finland.

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The Oldest Champagne In The World?

April 21, 2011

Last July in the Baltic Sea divers found a trove of 168 bottles of champagne in a 200-year old shipwreck. Acker Merrall & Condit will offer two of these bottles, believed to be the world’s oldest champagne, at an auction in Mariehamn, capital of the autonomous province in Finland that owns the wine. One is a Veuve-Clicquot, and the other an extinct brand called Juglar. Each is expected to sell in the neighborhood of $145,000.

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Acker Concludes Strong Hong Kong Wine Sale

January 24, 2011

At its first Hong Kong wine auction of 2011 Acker Merrall & Condit achieved a $10.8 million result, almost double Sotheby’s totals for its recent Hong Kong sale that included the Andrew Lloyd Webber collection. Acker offered over 1200 lots at the two-day auction on January 21-22, when the top seller was an eight-bottle lot of 1985 Henri Jayer Richebourg for $100,103.

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Wine Turns Gold In Hong Kong

September 22, 2010

The Hong Kong wine market continues to soar, as demonstrated by this past weekend’s record-breaking sales at Acker Merrall & Condit and Christie’s.  The two houses reeled in over $15 million, with every bottle at both auctions selling.

Read more...

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    Recent Results

    • Director Jean-Luc Goddard's handwritten script for his 1963 film "Contempt," which starred Brigitte Bardot, sold this week at Paris-based Artcuriel for $186,800, well over its $77,500-$103,000 estimate.
    • At Antiquorum's watch auction in Hong Kong, a Patek Philippe ref. 5074, with complications including a minute repeater with carilon, sold to an Asian collector for $574,791, the top price at the sale.
    • A block and shell mahogany bureau table, dated 1770, by noted colonial cabinet maker John Townsend has sold at Christie's for $2.2m, for than twice its $900,000 low estimate.
    • The '49 Buick Roadmaster featured in the 1988 "The Rainman" movie sells for $170,000.
    • The upright piano from the 1942 classic film "Casablanca"--the one on which Sam plays "As Times Goes By"-- sold for $602,500 at Sotheby's in New York.
    • see more...

    Eye On: Taxes

    U.S. Taxes on art bought abroad

    Collectors buying art at auctions overseas must be aware of U.S. tax consequences. Here are some tips from Alan Olsen that will help smooth the way.


    Art Bought Overseas CPA Alan Olsen, of Greenstein Rogoff Olsen & Co., talks about the U.S. tax consequences when you purchase art abroad. Watch Video


    Ask Alan A Question


    Featured Articles

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    • Russian Work Fetches Record $12.2m
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