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May 30, 2022 View:

U.S. auction house Hart to hold final auction of 2020

Hart Auctioneers USA closed the 2020 wine season with a record-breaking two-day auction featuring wines from the late Joseph Phelps Winery.

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All lots sold for a total of $10.4 million, nearly $2 million above the pre-sale high estimate, with 82% of the lots selling for more than the high estimate.

Last Friday"s first auction event featuring wines from the late Joseph Phelps Winery took in a total of $2.2 million, higher than the estimated $1.3 million.

The auction continued the next day with more fine and rare wines, including another large private collection of wine cellars.

Paul Hart commented:2020 is a year like no other and we are very grateful to the bidders and consignors who have always supported Hart Auctioneers. We continue to be the first choice for collectors to showcase high quality wines in their cellars. Hart Auctions will continue to innovate to support the global demand for fine and rare wines, and we are excited to bring premium wines to market.

Hart Auctioneers continued to play a driving role in the U.S. market, achieving $59 million in sales from nine auctions this year.