The closure of Sherry-Lehmann wine shop in New York City in 2023 has led to an unusual liquidation process. Vintage items and empty bottles are selling at inflated prices by a dealer previously convicted of selling stolen watches. For instance, an empty display bottle of 2001 Grand Cru Bienvenues Batard-Montrachet is priced at $4,995, while experts question the legitimacy of these valuations. The estate sale, managed by APR57, has raised eyebrows regarding the former shop's inventory and pricing strategies that defy basic market value.
The surprise shuttering of New York City wine shop Sherry-Lehmann was bizarre - but the liquidation of the business has taken an even weirder turn.
You can buy a brand new Bel Air Bordeaux for $20. . . . There is nothing here that makes sense price-wise.
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