Sotheby’s is offering this sliver of Chen’s masterpiece-filled cellar in five auctions spanning a year, beginning with a November sale in Hong Kong
Pierre Chen, founder of the Taipei-based electronic component manufacturer Yageo Corp., is selling 25,000 bottles of fine and rare wines for up to US$50 million through a year-long extravaganza of worldwide sales and events beginning in late November at Sotheby’s in Hong Kong.
If achieved, the US$50 million result would be by far the highest price realized for a wine auction. The current record was made in 2016 for the US$21.8 million sale of 20,000 bottles by Florida billionaire Bill Koch, founder of energy holding company Oxbow Group. The first sale from Chen’s wine cellar is designed to reveal its depth and breadth, and includes several large format bottles of the very best from France’s Burgundy, Bordeaux, and Champagne regions.
Chen believes “great wines are best enjoyed with great food,” although his approach to pairing is unconventional, according to Sotheby’s. Instead of choosing a wine to go with a meal, Chen begins with the wine. He will be offering this approach to others more widely through Le Restaurant Blanc, which he is opening in Paris later this month.
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