Press Release London

For Immediate Release

London | +44 (0)20 7293 6000 | Matthew Floris | matthew.floris@sothebys.com Matthew Weigman | matthew.weigman@sothebys.com New York | +1 212 606 7176 | Dan Abernethy | dan.abernethy@sothebys.com Hong Kong | +852 2822 8129 | Winnie Tang | winnie.tang@sothebys.com

reathes Sothebys Breathes Fire into the Wine Market with the Companys F irst London Wine Sale in the Year of the Dragon
--Magnificent --Magnificent Private Collection of Mature Bordeaux million-Brings 1.6 million / $2.5 million--

2012 LONDON, 26 JANUARY 2012 --- Sothebys London sale of Finest and Rarest Bordeaux A Magnificent Private Collection on 25 January 2012 brought a total of 1,607,102 ($2,507,079). With a sell-through rate by lot of 95.2%, the sale performed above the 2011 average of 91.6%. Only 32 out of 665 lots failed to find buyers with over half of the lots selling within the estimates and almost 40% surpassing the high estimate, emphasising the current demand for more mature Bordeaux. The sale was very well-attended with 27% of lots selling to buyers in the room. Absentee bidding and telephone bidding accounted for nearly 60% of lots sold while online bidders bought 13% of the sale. Asian buyers bought 29% of the sale by lot, while UK buyers represented 58%. Buyers from Europe, the Middle East and North America account for the remainder.

Commenting on the auction, Stephen Mould, Head of Sothebys European Wine Department, said: We are delighted with the result after a correction in the market last autumn. Estimates were attractively priced and this drew in many buyers from Asia as well as plenty of UK and European buyers. There was active bidding in the room and on the telephones, with a host of absentee bids and online bidding. The quality of the stock was superb with the collection comprising Bordeaux vintages from 1953 to 1995. The Champagne was a sell-out, so we can now raise a glass to a successful start to the New Year. We look forward to our next sale in London on 22 February closely followed by our sale in New York on 25 February.

The top 10 lots in the sale were: Chteau Ptrus 1982, Chteau Lafite 1982, Chteau Latour 1982, and Le Pin 1985, 1986 and 1989 (please see separate document). Across the board, mature Bordeaux performed well for example, 12 bottles of Chteau La Tour Figeac 1953 sold for 943 against an estimate of 480-600 and 12 bottles of Chteau Cos dEstournel 1970 sold for 690 against estimates of 340-440. The Super Seconds were also very much in demand, as witnessed by the Imperial of Chteau Lynch Bages 1982 which fetched 2,185 against a presale estimate of 1,200-1,600, a double-magnum of the same wine from the 1989 vintage sold for 1,208 against estimates of 500-700 and a double-magnum of Chteau Gruaud Larose 1986 brought 483 (est. 300-360). Top Pomerol, such as Chteau Trotanoy from the 1982 vintage, surpassed expectations and sold for 3,220, well above the estimate of 1,800-2,400.

The Champagne truly sparkled the most impressive result was for the magnum of Louis Roederer Cristal Brut Ros 1985, which nearly doubled the high estimate, selling for 748 against an estimate of 400500. The exceptional Krug Vintage 1982 sold at the top end of its 2,400-3,600 estimate, realising 3,680.
#
Notes to Editors Sothebys Wine auctions in 2011 brought an overall global total of US$85,467,096; this is almost equal to 2010s figure of $88.27 million, which was more than double the 2009 figure. The 2011 figure is the second highest in the companys forty-one years of wine auctions. The Lafite Ex Cellars sale held by Sothebys in Hong Kong in October 2010 set a new record for a single standard sized bottle at auction when a bottle of Chteau Lafite 1869 sold for $232,692. This means that Sothebys now holds the world records for a standard stand ard bottle, a bottle in any format - the Jeroboam of Chteau Mouton Rothschild 1945 which fetched $310,700 in February 2007 in New York and any wine lot at auction 50 cases of Chteau Mouton Rothschild 1982 which sold for US$1,051,600 at Sothebys New York in 2006. Between 2009 and October 2011 Sothebys Hong Kong maintained 16 consecutive 100%-sold wine auctions in Asia the only major auction house with this record. Upcoming wine sales in 2012 include Finest and Rarest Wines in London on 22 February , Finest and Rarest Wines in New February February, April. York on 25 February and over two days in Hong Kong on 31 March and 1 April

34-35 NEW BOND STREET LONDON W1A 2AA

+44 (0)20 7293 6000 WWW.SOTHEBYS.COM

Sales Results
SALE NO: L12701 Finest and Rarest Bordeaux A Magnificent Private Collection ($2,507,079) 2,507,079 GRAND TOTAL: 1,607,102 ($ 2, 507,079) SOLD BY LOT: 95.2% SOLD BY : 93.0% LOT PRICE ESTIMATES 36,000-44,000* 25 January 2012 EXCH RATE: 1.56 LOTS OFFERED: 665 LOTS SOLD/UNSOLD: 633 / 32 BUYER UK Trade

101 39,100 ($60,996) Chteau Ptrus 1982 (12 bts) 15 32,200 ($50,232) Chteau Lafite 1982 (12 bts) 454 25,300 ($39,468) Chteau Lafite 1982 (12 bts) 455 23,000 ($35,880) Chteau Lafite 1982 (12 bts) 456 18,400 ($28,704) Chteau Lafite 1982 (12 bts) 18 14,375 ($22,425) Chteau Latour 1982 (12 bts) 17 14,375 ($22,425) Chteau Latour 1982 (12 bts) 626 13,800 ($21,528) Le Pin 1989 (12 bts) 138 13,225 ($20,631) Le Pin 1985 (12 bts) 182 12,075 ($18,837) Le Pin 1986 (12 bts)

22,000-28,000

UK Trade

22,000-28,000

UK Trade

22,000-28,000

UK Trade

16,000-22,000

UK Trade

14,000-18,000

UK Trade

14,000-18,000

UK Trade

11,000-14,000

Asian

9,000-12,000

Asian

9,000-12,000

Asian

---PLEASE POSTRELEASE-----PLEASE SEE SEPARATE POST -SALE RELEASE---

Specialists in Charge: Serena Sutcliffe MW, Stephen Mould

Press Office Contact: Matthew Floris

Please note all prices include buyers premium. Sale session totals are net aggregate figures plus premiums. In the case of wine, the premium is 15% of the hammer price. For all other sales, the buyers premium is 25% of the hammer price up to and including 25,000, 20% above 25,000 up to and including 500,000 and 12% thereafter. *Estimates do not include buyers premium. SOTHEBYS: REGISTERED AT THE ABOVE ADDRESS NO. 874867