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May 30, 2022 View:

Zach's Auctions reaches $85 million in total auction sales in 2020

Fine wine auction house Zarchi held a total of 40 auctions in 2020, with total auction sales of more than $85 million, including the company's first auction in London and a full barrel of Burgundy.

Image from: Internet

The auction house sold 30,204 lots and 173,847 bottles of wine. Of those lots, 10,217 were Burgundy wines that fetched a total of $36.4 million, including this year"s top lot, a 228-liter barrel of Chambolle Musigny Les Sentiers from Chateau Fruy 2019, which fetched $179,674.

Bordeaux followed ($27 million in total sales), followed by California ($9.9 million in total sales), Tuscany ($2.3 million in total sales), Champagne ($2.1 million in total sales), the Rhone Valley ($1.9 million in total sales) and Piedmont ($1.7 million in total sales).

Unsurprisingly, Romanee Conti had the highest sales ($11 million), followed by Lafite, Mouton Rothschild, Petrus and Aman Rousseau.

This year, Zachariah Auctions held two auctions in London, its first outside the United States. Jeff Zacharia, president of the firm, said:London and continental Europe have been important markets for us for many years. After a great deal of planning, we are holding two auctions in London in 2020:One is a single-owner collection from the three-Michelin-starred Enoteca Pinchiorri wine cellar, one of the top restaurant and wine destinations in the world.

A barrel of Fury Estate was also sold at the second London auction in September.