Sotheby’s New York sale of Bourbon and Rye Whiskey, held this weekend, combined two major collections of American whiskey, with nearly 100% of the lots sold and 75% of them selling above of their high pre-sale estimates.
First place for the auction’s most expensive lot went to a bottle of LeNell’s Red Hook Rye 24 Year Old Barrell #4, which sold for $43,750, double its presale high estimate and makes it the most valuable bottle of rye whisky. never sold at auction.
The sum was identical to the amount paid for another bottle of the same whiskey at Sotheby’s first American whiskey auction – The Thoroughbred Collection, in April last year. Of LeNell’s four single-barrel versions, there are only 852 bottles, Sotheby’s said.
Another lot – a double vertical from Pappy Van Winkle of the 2020 and 2021 releases, featuring 12 bottles in total – also fetched $43,750, matching the amount paid for the Red Hook Rye.
Other notable lots include a bottle of Michter’s Single Barrel Bourbon 20 Year Old that sold for $27,500, nearly seven times the lot’s low estimate before the sale, and a six-bottle case of Willett Family Estate Single Barrel Bourbon 10 Year Old. years, which made $17,500, 15 times its low pre-sale estimate.
Sotheby’s‘s said the sale was dominated by domestic bidders, with 93% of the lots acquired by collectors based in North America. Of these, almost 60% were new to Sotheby’s, 77% were in their 40s or younger, and 42% were in their 30s or younger.
The larger of the two collections sold, the American Muscle Collection, was amassed by Rich “RJ” Gottlieb, taking its name from Gottlieb’s legendary 1969 Chevrolet “Big Red” Camaro, dubbed “the baddest muscle car ever.” the temperature”.
The second batch group, The Three Continents Collection Part III, included the American whiskey component of a 5,000-bottle collection that also includes Scotch and Japanese whiskeysand which was spread over five Sotheby’s auctions in 2021 and 2022.