When a bottle of wine costs more at an auction than an undergraduate education at Harvard, some hear alarm bells ringing alongside the rap of the auctioneer’s gavel.
But as the latest fine wine auction at Christie’s in Hong Kong last week showed Chinese interest in the market remains unsatiated.
Chateau Latour vintages, a high end wine from Bordeaux, raked in a total of over HK$59m (US$7m), continuing the upward trajectory of these seasonal sales. Bids were, in keeping with recent trends, astronomical.
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