Tidbits – Webber’s Latest Bouquet Openings

Sir Andrew Lloyd Webber is arguably the most successful composer of our time.  Many are familiar with his enchanting creations – the music behind Cats, The Phantom of the Opera, and Evita, just to name a few.  This talented maestro creates musicals, partakes in philanthropic endeavors and owns theaters.  Now, thanks to a record-breaking auction of a portion of Webber’s personal wine collection through Sotheby’s Hong Kong, the rest of the world caught glimpse of his other passion, collection of great reds which he says he began at age 15.  While both his celebrity status and the location of the auction (the Asian market has exploded for fine wine and arts recently) undoubtedly pushed up the valuation, we laypeople still have to shake our heads at the amount of money that was raised from only a fraction of his collection – 6MM USD or 3.5MM GBP.  Good for Sir Andrew Lloyd Webber….

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About Richard Lee
Experienced finance and operations professional. Currently partner in five companies, adjunct professor of economics at Columbia College and executive contributor to a small business blog (www.SMBmatters.com); following corporate finance, M&A and management consulting tenures with Orbitz and Diamond Technology Partners; and six years of service with the United States Army.

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