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Jul 29, 07:00PM EDT

AVAILABLE ONLY IN MEXICO. Subastas de Vino de Colección, Uso Diario y Destilados

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  • Krug Champagne. Vintage 1982. Brut. Reims. France.
    Estimate
    MXN$6,000 - MXN$8,000 $297.18 - $396.24
    Lot 49

    Krug Champagne. Vintage 1982. Brut. Reims. France.

    Est.
    MXN$6,000 - MXN$8,000 $297.18 - $396.24
  • Vega Sicilia "Único". Cosecha 1982. Ribera del Duero. Nivel: en la mitad del hombro.
    Estimate
    MXN$6,000 - MXN$7,000 $297.18 - $346.71
    Lot 50

    Vega Sicilia "Único". Cosecha 1982. Ribera del Duero. ...

    Est.
    MXN$6,000 - MXN$7,000 $297.18 - $346.71
  • La Llave Roja. Cosecha 2015. I.G.P. Vino de la Tierra Extremadura. Niveles: llenado alto. Piezas: 8.
    Estimate
    MXN$1,600 - MXN$2,000 $79.25 - $99.06
    Lot 51

    La Llave Roja. Cosecha 2015. I.G.P. Vino de la Tierra E...

    Est.
    MXN$1,600 - MXN$2,000 $79.25 - $99.06
  • Dehesa de los Canónigos. Reserva  2012, 2014 y Crianza 2016 Ribera del Duero. Niveles: llenado alto. Piezas: 10.
    Estimate
    MXN$6,000 - MXN$8,000 $297.18 - $396.24
    Lot 52

    Dehesa de los Canónigos. Reserva 2012, 2014 y Crianza ...

    Est.
    MXN$6,000 - MXN$8,000 $297.18 - $396.24
  • Château Haut - Brion. Cosecha 1970. Pessac. Premier Grand Cru Classé. Nivel: a 5.5 cm.
    Estimate
    MXN$4,000 - MXN$6,000 $198.12 - $297.18
    Lot 53

    Château Haut - Brion. Cosecha 1970. Pessac. Premier Gr...

    Est.
    MXN$4,000 - MXN$6,000 $198.12 - $297.18
  • Château Cheval Blanc. Cosecha 1970. St. Émilion. 1er. Grand Cru Classé.  Nivel: en el hombro superior.
    Estimate
    MXN$3,500 - MXN$4,500 $173.35 - $222.88
    Lot 54

    Château Cheval Blanc. Cosecha 1970. St. Émilion. 1er....

    Est.
    MXN$3,500 - MXN$4,500 $173.35 - $222.88
  • Petrus. Cosecha 1976. Grand Vin. Pomerol. Nivel: en el hombro superior.
    Estimate
    MXN$20,000 - MXN$25,000 $990.59 - $1,238.24
    Lot 55

    Petrus. Cosecha 1976. Grand Vin. Pomerol. Nivel: en el ...

    Est.
    MXN$20,000 - MXN$25,000 $990.59 - $1,238.24
  • Vega - Sicilia Único. Reserva Especial 2014 y 2015. Ribera del Duero. Piezas: 3.
    Estimate
    MXN$14,000 - MXN$18,000 $693.41 - $891.53
    Lot 56

    Vega - Sicilia Único. Reserva Especial 2014 y 2015. Ri...

    Est.
    MXN$14,000 - MXN$18,000 $693.41 - $891.53
  • Château Lafite Rothschild. Cosecha 1982.  Pauillac. Nivel: en la mitad - bajo. Calificación: 95 / 100.
    Estimate
    MXN$8,000 - MXN$10,000 $396.24 - $495.29
    Lot 57

    Château Lafite Rothschild. Cosecha 1982. Pauillac. Niv...

    Est.
    MXN$8,000 - MXN$10,000 $396.24 - $495.29
  • Flor de Pingus. Cosecha 2016. Ribera del Duero. Nivel: llenado alto.
    Estimate
    MXN$1,600 - MXN$2,000 $79.25 - $99.06
    Lot 58

    Flor de Pingus. Cosecha 2016. Ribera del Duero. Nivel: ...

    Est.
    MXN$1,600 - MXN$2,000 $79.25 - $99.06
  • Château Latour. Cosecha 1973. Pauillac. Premier Grand Cru Classé. Nivel: en la punta del hombro. Calificaci...
    Estimate
    MXN$7,000 - MXN$9,000 $346.71 - $445.77
    Lot 59

    Château Latour. Cosecha 1973. Pauillac. Premier Grand ...

    Est.
    MXN$7,000 - MXN$9,000 $346.71 - $445.77
  • Casa Madero. Gran Reserva 2013. Valle de Parras. Niveles: llenado alto. Piezas: 13.
    Estimate
    MXN$6,000 - MXN$8,000 $297.18 - $396.24
    Lot 60

    Casa Madero. Gran Reserva 2013. Valle de Parras. Nivele...

    Est.
    MXN$6,000 - MXN$8,000 $297.18 - $396.24
  • Château La Gaffelière. Cosecha 1982. Saint - Émilion. Nivel: en la punta de hombro.
    Estimate
    MXN$1,600 - MXN$2,000 $79.25 - $99.06
    Lot 61

    Château La Gaffelière. Cosecha 1982. Saint - Émilion...

    Est.
    MXN$1,600 - MXN$2,000 $79.25 - $99.06
  • Luna del Valle. Cosecha 2016 y 2017. Ensenada, Baja California. Niveles: llenado alto. Piezas: 17.
    Estimate
    MXN$5,000 - MXN$7,000 $247.65 - $346.71
    Lot 62

    Luna del Valle. Cosecha 2016 y 2017. Ensenada, Baja Cal...

    Est.
    MXN$5,000 - MXN$7,000 $247.65 - $346.71
  • Pancrudo. Cosecha 2015. Rioja. Niveles: una a 1.4 cm., tres a 2 cm., tres a 2.2 cm. y tres a 2.3 cm. Piezas: 10.
    Estimate
    MXN$5,000 - MXN$7,000 $247.65 - $346.71
    Lot 63

    Pancrudo. Cosecha 2015. Rioja. Niveles: una a 1.4 cm., ...

    Est.
    MXN$5,000 - MXN$7,000 $247.65 - $346.71
  • Château Cheval Blanc. Cosecha 1970. St. Émilion. 1er. Grand Cru Classé. Nivel: en el hombro superior.
    Estimate
    MXN$3,500 - MXN$4,500 $173.35 - $222.88
    Lot 64

    Château Cheval Blanc. Cosecha 1970. St. Émilion. 1er....

    Est.
    MXN$3,500 - MXN$4,500 $173.35 - $222.88
  • Florens Louis. Cosecha 1973. Piper Heidsieck. Reims. France. Piezas: 7.
    Estimate
    MXN$18,000 - MXN$22,000 $891.53 - $1,089.65
    Lot 65

    Florens Louis. Cosecha 1973. Piper Heidsieck. Reims. Fr...

    Est.
    MXN$18,000 - MXN$22,000 $891.53 - $1,089.65
  • Château Haut - Brion. Cosecha 1974. Pessac. Premier Grand Cru Classé. Nivel: a 4.7 cm. Calificación: 92 / 1...
    Estimate
    MXN$8,000 - MXN$10,000 $396.24 - $495.29
    Lot 66

    Château Haut - Brion. Cosecha 1974. Pessac. Premier Gr...

    Est.
    MXN$8,000 - MXN$10,000 $396.24 - $495.29
  • Château Phélan Ségur. Cosecha 2014. Saint - Estéphen. Bordeaux. France. Niveles: llenado alto. Piezas: 6.
    Estimate
    MXN$5,000 - MXN$7,000 $247.65 - $346.71
    Lot 67

    Château Phélan Ségur. Cosecha 2014. Saint - Estéphe...

    Est.
    MXN$5,000 - MXN$7,000 $247.65 - $346.71
  • Château Cos'd Estournel. Cosecha 1975. Saint - Estèphe. Nivel: en el hombro superior.
    Estimate
    MXN$1,600 - MXN$2,000 $79.25 - $99.06
    Lot 68

    Château Cos'd Estournel. Cosecha 1975. Saint - Estèph...

    Est.
    MXN$1,600 - MXN$2,000 $79.25 - $99.06
  • Château Cheval Blanc. Cosecha 1966. St. Émilion. 1er. Grand Cru Classé. Nivel: en el hombro superior.
    Estimate
    MXN$6,000 - MXN$8,000 $297.18 - $396.24
    Lot 69

    Château Cheval Blanc. Cosecha 1966. St. Émilion. 1er....

    Est.
    MXN$6,000 - MXN$8,000 $297.18 - $396.24
  • Château Latour. Cosecha 1970. Pauillac. Premier Grand Cru Classé. Nivel: en la punta del hombro.
    Estimate
    MXN$4,000 - MXN$6,000 $198.12 - $297.18
    Lot 70

    Château Latour. Cosecha 1970. Pauillac. Premier Grand ...

    Est.
    MXN$4,000 - MXN$6,000 $198.12 - $297.18
  • Château Chantegrive. Cosecha 2016. Graves. Bordeaux. Niveles: llenado alto. Piezas: 4.
    Estimate
    MXN$2,000 - MXN$3,000 $99.06 - $148.59
    Lot 71

    Château Chantegrive. Cosecha 2016. Graves. Bordeaux. N...

    Est.
    MXN$2,000 - MXN$3,000 $99.06 - $148.59
  • Château Mouton Rothschild. Cosecha 2007. Pauillac. Nivel: llenado alto. Etiqueta diseñada por el artista Bernart.
    Estimate
    MXN$6,000 - MXN$8,000 $297.18 - $396.24
    Lot 72

    Château Mouton Rothschild. Cosecha 2007. Pauillac. Niv...

    Est.
    MXN$6,000 - MXN$8,000 $297.18 - $396.24
  • Arzuaga. Reserva 2011 y Crianza 2016. Ribera del Duero. Niveles: llenado alto. Piezas: 5.
    Estimate
    MXN$1,600 - MXN$2,000 $79.25 - $99.06
    Lot 73

    Arzuaga. Reserva 2011 y Crianza 2016. Ribera del Duero....

    Est.
    MXN$1,600 - MXN$2,000 $79.25 - $99.06
  • Château Lafite Rothschild. Cosecha: 1982. Pauillac. Nivel: en el hombro superior.
    Estimate
    MXN$5,000 - MXN$7,000 $247.65 - $346.71
    Lot 74

    Château Lafite Rothschild. Cosecha: 1982. Pauillac. Ni...

    Est.
    MXN$5,000 - MXN$7,000 $247.65 - $346.71
  • Château Cheval Blanc. Cosecha 2012. St. Émilion. 1er. Grand Cru Classé. Niveles: llenado alto. Piezas: 6.
    Estimate
    MXN$24,000 - MXN$28,000 $1,188.71 - $1,386.83
    Lot 75

    Château Cheval Blanc. Cosecha 2012. St. Émilion. 1er....

    Est.
    MXN$24,000 - MXN$28,000 $1,188.71 - $1,386.83
  • Petrus. Cosecha 1985. Grand Vin. Pomerol. Nivel: en la punta del hombro.
    Estimate
    MXN$25,000 - MXN$30,000 $1,238.24 - $1,485.88
    Lot 76

    Petrus. Cosecha 1985. Grand Vin. Pomerol. Nivel: en la ...

    Est.
    MXN$25,000 - MXN$30,000 $1,238.24 - $1,485.88
  • Château Duhart - Milon. Cosecha 1985. Pauillac. Niveles: siete en la punta del hombro, tres en el hombro superior...
    Estimate
    MXN$11,000 - MXN$13,000 $544.82 - $643.88
    Lot 77

    Château Duhart - Milon. Cosecha 1985. Pauillac. Nivele...

    Est.
    MXN$11,000 - MXN$13,000 $544.82 - $643.88
  • Château Ausone. Cosecha 1970, 1976 y 1978. Saint - Émilion. Piezas: 3.
    Estimate
    MXN$8,000 - MXN$10,000 $396.24 - $495.29
    Lot 78

    Château Ausone. Cosecha 1970, 1976 y 1978. Saint - Ém...

    Est.
    MXN$8,000 - MXN$10,000 $396.24 - $495.29
  • Château Mouton Rothschild. Cosecha 2007. Pauillac. Nivel: llenado alto. Etiqueta diseñada por el artista Bernart.
    Estimate
    MXN$6,000 - MXN$8,000 $297.18 - $396.24
    Lot 79

    Château Mouton Rothschild. Cosecha 2007. Pauillac. Niv...

    Est.
    MXN$6,000 - MXN$8,000 $297.18 - $396.24
  • Château Lafite Rothschild. Cosecha: 1982. Pauillac. Nivel: en el hombro superior.
    Estimate
    MXN$5,000 - MXN$7,000 $247.65 - $346.71
    Lot 80

    Château Lafite Rothschild. Cosecha: 1982. Pauillac. Ni...

    Est.
    MXN$5,000 - MXN$7,000 $247.65 - $346.71
  • Château Haut - Brion. Cosecha 1970. Pessac. Premier Grand Cru Classé. Nivel: 5.8 cm.
    Estimate
    MXN$4,000 - MXN$6,000 $198.12 - $297.18
    Lot 81

    Château Haut - Brion. Cosecha 1970. Pessac. Premier Gr...

    Est.
    MXN$4,000 - MXN$6,000 $198.12 - $297.18
  • Château Latour. Cosecha 1970. Pauillac. Premier Grand Cru Classé. Nivel: en el hombro superior.
    Estimate
    MXN$4,000 - MXN$6,000 $198.12 - $297.18
    Lot 82

    Château Latour. Cosecha 1970. Pauillac. Premier Grand ...

    Est.
    MXN$4,000 - MXN$6,000 $198.12 - $297.18
  • Château Bellegrave. Cosecha 2015. Pauillac. France. Niveles: llenado alto. Piezas: 4.
    Estimate
    MXN$2,000 - MXN$3,000 $99.06 - $148.59
    Lot 83

    Château Bellegrave. Cosecha 2015. Pauillac. France. Ni...

    Est.
    MXN$2,000 - MXN$3,000 $99.06 - $148.59
  • La Tâche. Cosecha 1973. Domaine de la Romanée - Conti. Vosne - Romanée. Niveles: una a 4.3 cm,. una a 5.6 cm. y...
    Estimate
    MXN$24,000 - MXN$26,000 $1,188.71 - $1,287.77
    Lot 84

    La Tâche. Cosecha 1973. Domaine de la Romanée - Conti...

    Est.
    MXN$24,000 - MXN$26,000 $1,188.71 - $1,287.77
  • La Tâche. Cosecha 1997. Domaine de la Romanée - Conti. Vosne - Romanée. Nivel: a 4.2 cm. Calificación: 93 /...
    Estimate
    MXN$40,000 - MXN$45,000 $1,981.18 - $2,228.83
    Lot 85

    La Tâche. Cosecha 1997. Domaine de la Romanée - Conti...

    Est.
    MXN$40,000 - MXN$45,000 $1,981.18 - $2,228.83
  • Échézeaux. Cosecha 1998. Domaine de la Romanée - Conti. Vosne - Romanée. Nivel: a 2 cm.
    Estimate
    MXN$26,000 - MXN$30,000 $1,287.77 - $1,485.88
    Lot 86

    Échézeaux. Cosecha 1998. Domaine de la Romanée - Con...

    Est.
    MXN$26,000 - MXN$30,000 $1,287.77 - $1,485.88
  • Richebourg. Cosecha 1996. Domaine de la Romanée - Conti. Vosne - Romanée. Nivel: a 4.3 cm. Calificación: 93...
    Estimate
    MXN$30,000 - MXN$35,000 $1,485.88 - $1,733.53
    Lot 87

    Richebourg. Cosecha 1996. Domaine de la Romanée - Cont...

    Est.
    MXN$30,000 - MXN$35,000 $1,485.88 - $1,733.53
  • La Tâche. Cosecha 2014. Domaine de la Romanée - Conti. Vosne - Romanée. Nivel: a 1 cm.
    Estimate
    MXN$30,000 - MXN$40,000 $1,485.88 - $1,981.18
    Lot 88

    La Tâche. Cosecha 2014. Domaine de la Romanée - Conti...

    Est.
    MXN$30,000 - MXN$40,000 $1,485.88 - $1,981.18
  • La Tâche. Cosecha 1997. Domaine de la Romanée - Conti. Vosne - Romanée. Nivel: a 7 cm. Calificación: 93 / 1...
    Estimate
    MXN$30,000 - MXN$40,000 $1,485.88 - $1,981.18
    Lot 89

    La Tâche. Cosecha 1997. Domaine de la Romanée - Conti...

    Est.
    MXN$30,000 - MXN$40,000 $1,485.88 - $1,981.18
  • Montrachet. Année 2000. Domaine de la Romanée - Conti. Vosne - Romanée. Nivel: a 3.9 cm.
    Estimate
    MXN$70,000 - MXN$80,000 $3,467.06 - $3,962.36
    Lot 90

    Montrachet. Année 2000. Domaine de la Romanée - Conti...

    Est.
    MXN$70,000 - MXN$80,000 $3,467.06 - $3,962.36
  • Échézeaux. Cosecha 1998. Domaine de la Romanée - Conti. Vosne - Romanée. Piezas: 6.
    Estimate
    MXN$140,000 - MXN$150,000 $6,934.13 - $7,429.42
    Lot 91

    Échézeaux. Cosecha 1998. Domaine de la Romanée - Con...

    Est.
    MXN$140,000 - MXN$150,000 $6,934.13 - $7,429.42
  • Richebourg. Cosecha 1996. Domaine de la Romanée - Conti. Vosne - Romanée. Nivel: a 4.5 cm. Calificación: 93...
    Estimate
    MXN$30,000 - MXN$35,000 $1,485.88 - $1,733.53
    Lot 92

    Richebourg. Cosecha 1996. Domaine de la Romanée - Cont...

    Est.
    MXN$30,000 - MXN$35,000 $1,485.88 - $1,733.53
  • La Tâche. Cosecha 1997. Domaine de la Romanée - Conti. Vosne - Romanée. Nivel: a 5.8 cm. Calificación: 93 /...
    Estimate
    MXN$30,000 - MXN$40,000 $1,485.88 - $1,981.18
    Lot 93

    La Tâche. Cosecha 1997. Domaine de la Romanée - Conti...

    Est.
    MXN$30,000 - MXN$40,000 $1,485.88 - $1,981.18
  • La Tâche. Cosecha 2014. Domaine de la Romanée - Conti. Vosne - Romanée. Nivel: a 2 cm.
    Estimate
    MXN$30,000 - MXN$40,000 $1,485.88 - $1,981.18
    Lot 94

    La Tâche. Cosecha 2014. Domaine de la Romanée - Conti...

    Est.
    MXN$30,000 - MXN$40,000 $1,485.88 - $1,981.18
  • Montrachet. Année 2000. Domaine de la Romanée - Conti. Vosne - Romanée. Nivel: a 3.7 cm.
    Estimate
    MXN$70,000 - MXN$80,000 $3,467.06 - $3,962.36
    Lot 95

    Montrachet. Année 2000. Domaine de la Romanée - Conti...

    Est.
    MXN$70,000 - MXN$80,000 $3,467.06 - $3,962.36
  • Grands Échézeaux. Cosecha 1998. Domaine de la Romanée - Conti. Vosne - Romanée. Nivel: a 3.5 cm. Calificaci...
    Estimate
    MXN$25,000 - MXN$30,000 $1,238.24 - $1,485.88
    Lot 96

    Grands Échézeaux. Cosecha 1998. Domaine de la Romané...

    Est.
    MXN$25,000 - MXN$30,000 $1,238.24 - $1,485.88

Auction Description

AVAILABLE ONLY IN MEXICO. Subastas de Vino de Colección, Uso Diario y Destilados by Morton Subastas

 

Antes de ofertar | Before you bid

Para la aprobación de su registro es necesario hacer un depósito en garantía de $20,000.00 MXN, con este pago único de garantía aseguramos su participación en la subasta. 
 En caso de que usted no adquiera ningún lote este depósito le es devuelto en un lapso de 24 a 48 horas, sin ningún cargo. Puede hacer este depósito aquí o a través de Paypal usando la dirección creditoycobranza@mortonsubastas.com

Nuestro Buyer's Premium es de 20% sobre el precio final más 3% de comisión de la plataforma Bidsquare.

To get approved for this auction it is necessary to make a deposit guarantee of $20,000.00 MXN. In case you do not purchase any lot this deposit is returned within 24 to 48 hours, without any charge. You can make this deposit here or through Paypal using the address creditoycobranza@mortonsubastas.com

Our Buyer's Premium is 20% on the hammer price, plus 3% Bidsquare fee.

 

 

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Morton Subastas
Mexico City, CDMX 11000
Mexico

ldiaz@mortonsubastas.com

Phone:+52 5552833140

Buyer’s Premium

Start Premium (%)
MXN$0 23.00

Bid Increments

Start Increments (MXN$)
MXN$0 MXN$100
MXN$1,000 MXN$200
MXN$1,200 MXN$300
MXN$1,500 MXN$300
MXN$1,800 MXN$200
MXN$2,000 MXN$200
MXN$2,200 MXN$300
MXN$2,500 MXN$300
MXN$2,800 MXN$200
MXN$3,000 MXN$200
MXN$3,200 MXN$300
MXN$3,500 MXN$300
MXN$3,800 MXN$200
MXN$4,000 MXN$200
MXN$4,200 MXN$300
MXN$4,500 MXN$300
MXN$4,800 MXN$200
MXN$5,000 MXN$500
MXN$10,000 MXN$1,000
MXN$20,000 MXN$2,000
MXN$50,000 MXN$5,000
MXN$100,000 MXN$10,000
MXN$300,000 MXN$20,000
MXN$500,000 MXN$50,000
MXN$1,000,000 MXN$100,000

Payments

Available payment options

PayPal

Shipping Info

Once you have purchased the lots you are interested in, Morton Subastas can offer a shipping solution. This shipping company will be able to answer any questions you may have in regards to delivery, either before or after the auction has been completed.

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Terms & Conditions

TERMS AND CONDITIONS TO BUY DURING THE AUCTION 1. The terms and conditions herein are applied to the Morton Subastas, SA de CV. "the auction house" and/ or those of the catalog which is available at the "Galeria". Bidding 2. That the personnel of the auction house makes effective the bids on your behalf during the Auction in which you are registered and only for the pieces described herein, up to the amount put in the top limit bid. Bid limit 3. That no limit bids are permitted. Responsibility 4. That the auction house in any case and by no means is responsible for the adjudication of the piece(s) for which you made absentee bids. One More Bid 5. That in the case that the maximum amount previously set up by you as top limit bid is equal to the last one made in the Room, you are willing to authorize one more bid in accordance to the established in the Absentee Bid Form (One more bid is authorized). In the case that the correspondent blank is not duly filled in it is understood you do not accept to come to one more bid. Assignation 6. That in the case that two or more absentee bids may appear for the same piece and for the same amount stated in the top limit bid and that there is not a higher bid in the room, the piece will be adjudicated to the Absentee Bid received first by the "Morton Subastas". 7. That the decision for the adjudication shall be expressed by the auction house and cannot be appealed, as such, you are willing to renounce from now on to any other right against the auction house or its representatives, for any conflict or dispute that may arise for this cause. Requirements 8. That the auction house will not make effective the Absentee Bid if the following requirements are not satisfied: a) This document should be duly filled in and signed it in agreement, indicating clearly the lot number of the piece you are interested in and established the top limit bid. b) This document should be delivered only to the authorized personnel at least the day of the Auction in the address of the auction house. c) To submit a deposit as a guarantee for the payment of the piece and other amounts generated by the adjudication of the piece. The deposit should be in an amount equal to and under the name of the auction house. Payment Conditions 9. If the piece is adjudicated, to pay the price of the piece plus the twenty percent (20%) of such amount as a commission fee, plus the value added tax of sixteen percent (16%) calculated over the commission. To internet live bidders an additional 3% premium will be charged as an Internet user fee. If payment is done with a credit card an extra charge of six point six (6.6 %) percent will be added to the total amount to be paid as a commission fee. Online bids are welcome and under preregistration and authorization by an auction house agent. Bidder should be contacted prior the auction to verify credit card information. A twenty percent (20%) commission fee from the auction house will be added to the buyer plus a three percent (3%) Internet platform commission fee plus sixteen percent (16%) TAX calculated only on the 20% commision fee. No exception will be made to international customers when paying 16% tax. The auction house is not responsible for any failure on internet connection, light supply or any other technical failure. Transport / Shipping The auction house will help arrange transportation on buyers charge. The auction house will no be responsible for loss or damage of goods purchased during the auction. Goods will be sent by the shipping company provided by the auction house which has no partnership/business relationship with the auction house itself. Buyer will be fully responsible for any import taxes that may come from the goods purchases during the auction by the buyer. Confidentiality 11. The information contained herein is considered confidential and the disclosure entitles to the payment of damages and losses that may arise from such fact.