TORONTO, Oct. 11 /CNW/ - The two most expensive wines ever presented at
auction in Canada will be up for bids at 6:30 p.m. on October 12 at Ritchies
New Galleries at 380 King Street East in Toronto as part of the LCBO VINTAGES
fine wine auction. Organized in partnership with Ritchies Auctioneers, the
auction will run until October 15.
Two jeroboams (each equivalent to four standard 750 mL bottles) of 1959
Domaine de la Romanee-Conti Richebourg, valued from $20,000 to $25,000 apiece,
will be up for bids. It's expected that the wines could sell for a higher
price. Proceeds from the sale of these wines will go to benefit the Toronto
"We're very proud to be able to offer a pair of wines of this stature,"
says Stephen Ranger, president of Ritchies Auctioneers, the auction house
conducting the sale. "Along with the many other rare offerings at this year's
auction there's no question Ontario has become a recognized market for fine
This year's auction will also offer two magnums of 1959 Domaine de la
Romanee-Conti La Tache, valued between $12,000 to $14,000, as well as numerous
1982 Bordeaux, considered by many experts to be one of the top Bordeaux
vintages of the last century.
In total, more than 2,500 lots of fine wine are up for bids, including
much sought-after California cult wines and rare Italian wines. There are also
many lots selling for under $1,000. Sales at this year's auction are expected
to top the $3 million mark.
"Every year, consumers are becoming more savvy about wine and demand for
fine and rare wines is growing," notes Barry O'Brien, LCBO Director of
Corporate Affairs and one of the chief organizers of the auction. "Many see
collecting fine wine as a good investment as great vintages tend to appreciate
in value over time.
"Restaurateurs see the auction as a way to obtain rare wines that are not
available through any other channels. It also benefits collectors who want to
sell their wines but have no other legal means to do so in Ontario."
All wines consigned to auction are stored in stringent temperature and
humidity-controlled conditions. Collectors can bid on wines in person, in
writing or by phone, fax or e-mail.
The auction starts at 6:00 p.m. on October 12; 10:00 a.m. on October 13
and 14; and 6:00 p.m. on October 15, and lasts each day until bidding closes.
Auction catalogues can be obtained through Vintages Sales and Service Centre
at 416-365-5767 or 1-800-266-4764, or viewed online at www.vintages.com or
For further information:
For further information: MEDIA CONTACT: Barry O'Brien, Director,
Corporate Affairs, Tel. (416) 864-6821, Fax. (416) 864-2476, Cell: (647)
290-3448, e-mail: email@example.com