07 Nov '11, 4am

Weekend sale of rare French wine in Hong Kong nets $18.4 million, making it the year's biggest wine auction

Weekend sale of rare French wine in Hong Kong nets $18.4 million, making it the year's biggest wine auction

A bottle of Maison Louis Jadot Montrachet white wine from 1992 and valued at at 3000 - 4000 USD per dozen is displayed in Hong Kong on Nov 1, 2011. A weekend sale of rare French wine returned 14.5 million USD, making it the year's biggest wine auction and underlining Hong Kong's status as a leading wine market, the auction house said on Nov 7. -- PHOTO: AFP HONG KONG (AFP) - A weekend sale of rare French wine returned US$14.5 million (S$18.4 million), making it the year's biggest wine auction and underlining Hong Kong's status as a leading wine market, the auction house said on Monday. The two-day auction by US house Acker Merrall & Condit featured the Don Stott Collection, considered a 'reference library of great Burgundy', the organisers said. With 98 per cent of the lots sold, the intense interest in the premium French vintages demonstrated the strength of Chinese deman...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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