The last of Aubrey McClendon's wine collection sold for $8.4 million over the weekend, topping expectations and showing the quality, and quantity, of the late oil tycoon's wine cellar.
All 1,057 lots of McClendon's wine were sold by Hart Davis Hart Wine Co. More than 1,000 bidders from 17 countries took part in the Chicago auction, with many bidding online, according to Hart Davis. The sale was expected to fetch between $5.1 million and $7.7 million.
McClendon had already sold a large part of his collection over the years through several multimillion-dollar auctions. Between 2009 and 2013, Sotheby's sold more than $55 million of McClendon's wines, including a 2009 sale of 9,000 bottles. All told, McClendon and his estate raked in more than $63 million from wine sales.
McClendon focused mainly on the highest quality Bordeauxs. But he also dabbled in Burgundys and top-quality California wines, including Harlan and Screaming Eagle. McClendon favored giant or "large-format" bottles like magnums, Jeroboams and Imperials, which he famously liked to share with business associates and friends.
The top lot sold over the weekend was a case of three double magnums of 1989 Chateau Petrus that went for $65,725. Two lots, each including three double magnums of 1989 Chateau Haut-Brion (said to be McClendon's favorite), went for $35,850 each. Bottles of Mouton Rothschild, Margaux, Cheval Blanc and Latour also sold well.
McClendon, the charismatic co-founder of Chesapeake Energy, died in a car crash in March, hours after being indicted on federal charges of bid rigging.
According to Bloomberg, Saturday's auction was held the day after the deadline to file what were expected to be hundreds of millions of dollars in claims against McClendon's estate.