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One of many world’s most outstanding artwork collectors, Asian entrepreneur Pierre Chen can be a passionate collector of wine.
Chen, the digital elements tycoon behind Yageo Companies, has a internet price of US$4.7 billion. This places him at 550th on the 2021 Forbes World Wealthy Listing.
Chen’s intensive wine assortment was gathered for greater than 30 years, and might be auctioned in Sotheby’s Hong Kong on 9 October. Greater than 360 tons might be bought, with a spread of well-known tremendous wines together with Dom Perignon, First Growths of Bordeaux and Petrus. The estimated value for the sale is US$11.4 million {dollars}, the second highest estimated single-owner wine sale in Asia.
Aside from amassing well-known wines, Chen’s ardour is clear via proudly owning his personal winery known as Faiveley Musigny. They’ll seem at public sale for the primary time.
Pierre Chan is understood for his tremendous artwork and wine assortment
Ardour for Artwork
Chen is a world-renowned artwork collector. Chen began amassing artworks since 1976, and owns famend oeuvres d’artwork together with Picasso, Bacon and Richter.
Lately, Chen purchased Sanyu’s portray 5 Nudes (created between 1950 and 1959). It set an public sale document in Hong Kong for US$39.1 million (HK$303 million) {dollars} in November 2019.
Sanyu’s 5 Nudes (1950-1959)
Sotheby’s Wine Public sale
This wine sale is known as The Artwork of Dwelling: Legendary Wines from the Cellar of Pierre Chan.
A variety of well-known tremendous wines are featured, particularly Dom Perignon, Oenotheque vintages and Dom Perignon P3, Petrus, the entire First Growths of Bordeaux, crimson and white Burgundy that includes an array of Grands Crus from essentially the most revered producers comparable to Leroy, Faiveley, Dujac, Ponsot and Jayer. The latter with vintages of Cros Parantoux prodcing wines over the many years and principally in Magnums spanning from 1978 to 1999.
Chen’s ardour for artwork can be prolonged into wines, who identifies the similarities and variations between each fields.
“Wine is the one artwork kind that one can eat and actually stay with. It makes use of senses that conventional artwork mediums normally don’t contain, like one’s odor and style. Whereas different artwork types are much less demanding of the receivers, wine requires creativity on the a part of the proprietor,” mentioned Chen.
Obsessed with wine, Chen purchased a winery in Burgundy, France
Faiveley Musigny
Chen’s winery, Faiveley Musigny, wines in 1.5 litres bottles (magnums) editions might be auctioned for the primary time. They’re classic wines starting from 2015 to 2017.
Chen’s enthusiasm for high wines led him to spend money on Burgundy’s household vineyard, Faiveley. After Chen bought the winery in 2015, Faiveley owns practically one third of the Musigny Grand Cru winery (in Burgundy), protecting an space of 25 acres. The output elevated from 150 bottles to 500 bottles per 12 months. It will possibly additionally get 25 to 30 instances of wine from the vineyard in return annually.
Musigny, Faiveley (2015) | 1.5 litres (1 bottle per lot)
Estimated Worth: US$12,000 – 22,000 (3 tons)
Artwork of Dwelling
Chen additionally needs to make use of wine as a car to understand the artwork of dwelling.
“I sincerely hope that this collaboration with an business large like Sotheby’s can additional pique the pursuits and produce extra individuals to the fantastic world of winemaking. Sharing is an important means of wine appreciation. Right here, I wish to share with all of you an intimate a part of my wine assortment, and encourage you to start out the artwork of dwelling by dwelling with the humanities of your alternative – on this case, wine,” mentioned Chen.
“The act of amassing wine is simply a small a part of the enjoyable, however having the true ardour to get pleasure from them is the important thing,” he added.
Assortment Worth
This personal wine assortment is the second highest estimated single-owner wine sale in Asia, with an estimated value of US$11.4 million {dollars}.
The best priced single-owner wine assortment consisted of 17,000 bottles, and was bought for US$29.8 million {dollars} in March 2019. Its estimated value was initially at round US$26 million {dollars}.
Sale Highlights
La Tache, DRC, (1971) | 3 litres (1 bottle per lot)
Estimated Worth: US$110,000 – 190,000 (2 tons)
Hermitage, La Chapelle, Paul Jaboulet Aine (1961) | 1.5 litres (1 bottle)
Estimated Worth: US$35,000 – 60,000
Chevalier Montrachet, Domaine d’Auvenay (2009) | (3 bottles)
Estimated Worth: US$30,000 – 50,000 (3 tons)
Palmer (1961) | 3 litres (1 bottle)
Esimated Worth: US$24,000 – 38,000
Public sale Particulars
Public sale Home: Sotheby’s Hong Kong
Sale: The Artwork of Dwelling: Legendary Wines from the Cellar of Pierre Chen
Date and Time: 9 October 2021 | 11am (Hong Kong native time)
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