Masseto Sets a New Sale Record
Masseto Sets a New Sale Record: A Sale of Wines Released Directly From the Estate’s Cellars Surpasses the High Estimate for a Grand Total of €376.625/$409,052
Sotheby’s sale of wines directly from the cellars of Masseto concluded yesterday, achieving an outstanding total of €376.625/$409,052. Buyers purchased all 46 lots, which sold well above their high estimates. The announcement of the auction in March created much excitement and anticipation among wine collectors, and by the time the first day of bidding drew to a close on April 12th, the sale was already 100% sold. As the lots began to close yesterday, a flurry of bids resulted in a final total far beyond a pre-sale estimate of €200.000/$220,000, with collectors across Europe, the Americas and Asia competing to purchase one or more of the extremely limited number of 132 bottles on offer in varying formats. The sale was led by a nebuchadnezzar of the 2010 vintage, which sold for €56.250/$61,093, tripling its estimate and establishing a new record for any bottle of Masseto at auction.
Amayès Aouli, Sotheby’s Head of Wine, Europe, said: “These standout results, not least the record price for the nebuchadnezzar, are testament to the quality of the wine produced by Masseto and the unprecedented opportunity to acquire bottles directly from the Masseto Caveau. We saw bids coming in from all over the world, with competition among both established collectors and buyers new to Sotheby’s. It has been a pleasure to partner with this iconic estate for such a special occasion and to bring their wines to as wide an audience as possible.”
Giovanni Geddes, CEO, Masseto, says: “We are truly proud of the results that went beyond our expectations. We would like to thank all wine collectors and buyers for their enthusiasm showed towards our wines. This is the best recognition Masseto can receive. We would like to thank Sotheby’s as well for their professionalism and passion during this collaboration.”
Axel Heinz, Estate Director, Masseto, concludes: “It is an honor to know that the work of our team is highly esteemed internationally. We are very pleased that these wines will be kept and also enjoyed by collectors who appreciate their identity, history and uniqueness.”
For this special sale, Sotheby’s joined forces with Masseto earlier this year to select vintages directly from the most secret space in the winery’s cellar carved deep beneath the vineyard above – a stunningly designed location where bottles of every Masseto vintage rest in perfect conditions, each protected in its very own steel cradle. The contents of the auction spanned three decades, including 35 cases containing the 2006, 2010 and 2011 vintages, as well as magnums, double magnums, imperials and a single nebuchadnezzar. Among the top lots were two imperials of the 2001 and 2016 vintages, which sold for €15.000/$16,292 each.
All the bottles from the Masseto Caveau were presented for sale in numbered cases handcrafted in oak and containing a certificate of origin signed by Axel Heinz, Estate Director. Furthermore, every bottle came to auction with a Prooftag®, attesting to the wine’s authenticity, including the date when the bottle left the Caveau stated on the front label: April 2023. In addition, Caveau features on every capsule as well as on the seals of guarantee that close the wooden cases, a singular confirmation of watertight provenance.
Masseto has gained a unique place in the pantheon of collectible wines, to become one of the most valuable, coveted wines in all of Italy and beyond. The estate is located on a magical hillside on the Tuscan Coast where unique, individual, complex, compelling yet elegant wines are being produced, with each vintage having the specific personality of Masseto, but always showing a different facet.
Full results available here.
About Masseto – http://www.masseto.com