HONG KONG: Christie's fine wine auction beats estimates
Better-than-expected sales for auction house Christie's at a recent Hong Kong wine auction indicate that the global economic downturn has failed to sour demand for fine wine in Asia.
Christie's said this week that it sold a total HK28m (US$3.6m) of fine wines in an auction in Hong Kong held late last month.
David Elswood, International Head of Wine for Christie's, said: "We are delighted with the encouraging results of this auction, proving the continuing strength and importance of Hong Kong as the undisputed fine wine hub in Asia.
"Demand for the finest quality Bordeaux dominated the sale with 11 cases of Château Lafite 1982 realising a total of HK$3.2m."
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