Partly Cloudy

Partly Cloudy

max temp: 12°C

min temp: 2°C

ESTD 1874 Search

Bury St Edmunds: Rare bottles of wine up for grabs at Lacy, Scott & Knight

08:00 13 December 2012

Preparations for the wine auction at Lacy Scott and Knight in Bury.

Preparations for the wine auction at Lacy Scott and Knight in Bury.

Archant

FOLLOWING a gap of 15 years, wine is back on the menu at a Bury St Edmunds auction centre.

shares

Wine lovers looking forward to a festive tipple, those on the search for the perfect Christmas present and others on the hunt for an investment opportunity may be tempted by the sale at Lacy, Scott & Knight in Risbygate Street tomorrow at 6pm.

Edward Crichton, fine art manager at Lacy, Scott & Knight, said there would be lots of rare bottles of wine in the sale, which is expected to make £20,000 to £30,000.

He said the firm held wine, port and spirits auctions until 1997 when the market effectively “dried up”.

“The good wine at that point wasn’t making huge money like it is today and for the cheap wine people were just getting in the car and going to France to buy it so the market sort of dried up really and they [wine sales] weren’t attractive financially to do.

“But because the price of good wine has shot up - there is cheap wine in the sale, but the bulk of it is good stuff - that’s where the money is and that’s why we are doing it.”

Mr Crichton said fine wine was becoming increasingly attractive to many people as an investment which has made demand, and prices, rise enormously.

“It’s a nice investment. It’s very liquid, literally, and it’s very easy to sell either through auction or a wine merchant and you have got the option of either selling it should you need to or drinking it should you wish to.”

He thought the most expensive individual wine in the sale was lot 90, Chateau d’Yquem Premier Cru Superieur Sauternes 1955, which they expect to make £500, but he added how in the job lots it would be possible to get a bottle of wine for about £5.

“It’s no coincidence the sale is held just before Christmas. Lots of people will be buying with the festive season in mind and I think people buy to take away for the right occasion....something in the family, and out comes that good bottle of plonk bought at the auction rather than something at Waitrose if you like.”

Mr Crichton said the wine, port and spirits sale would become a regular event.

The items will be available to view from 10am to 7pm today and from 10am tomorrow.

shares

0 comments

Tom Challis and Julia Carroll just before they left to travel the world in February.

The parents of Julia Carroll, from Boxford, have told how the 22-year-old made contact via Facebook to confirm she was safe after escaping Nepal earthquake.

Shawn Leek setting out on the first of seven marathons. Today he hopes to complete the challenge

Shawn Leek is feeling the pain today having run more than 180 miles in the past week - ending with the London Marathon this afternoon.

The Anzac Day parade from the Cornhill in Ipswich on Sunday led by the Ipswich Piping Society

Thousands of Australian and New Zealand forces who died during the First World War’s disastrous Gallipoli campaign have been commemorated on the centenary of the offensive in Ipswich today.

The Orwell District Scouts St George's Day open air service by the Leisure Centre in Felixstowe on Sunday

Scouts and Guides proudly raised their flags and paraded through Suffolk towns today to mark St George’s Day.

Angel Hall, missing 14-year-old girl from Leiston

A teenager from east Suffolk who was reported missing yesterday morning has been found safe and well.

Fire in Great Yeldham - stock photo

A ground floor flat was heavily smoke logged when fire crews arrived at the scene this afternoon.

Ipswich Crown Court.

A man who was banned from keeping dogs for 15 years after footage showed him punching and slapping his two Labradors has had the disqualification reduced from 15 years to 10.

The Revd Martin Dawes with his model train lay out at Woodbridge Methodist Church during the Toy and Model Train Show.

The pews were transformed into platforms and hymn sheets were discarded in favour of timetables as a church was transformed into a model railway network.

Lowestoft Town centre.

A fire broke out on the ground a semi-detached house on Victoria Road this morning.

Suffolk Cycle Sportive for St Elizabeth Hospice at Alton Water.

A charity has reported a rise in the number of women joining their annual Suffolk Sportive cycle event in the wake of the high-profile Women Tour passing through the county.

Most read

Topic pages