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Wines from California's Napa Valley have caught on with Asia's growing number of vintage wine collectors. Photo by WPPilot, licensed under the Creative Commons Attribution-Share Alike 3.0 Unported license.

Hong Kong wine auction a winner at $2.2 million

Catherine Saunders-Watson
Catherine Saunders-Watson
Wines from California's Napa Valley have caught on with Asia's growing number of vintage wine collectors. Photo by WPPilot, licensed under the Creative Commons Attribution-Share Alike 3.0 Unported license.
Wines from California’s Napa Valley have caught on with Asia’s growing number of vintage wine collectors. Photo by WPPilot, licensed under the Creative Commons Attribution-Share Alike 3.0 Unported license.

HONG KONG (AFP) – An auction of fine and rare wines realized $2.2 million in Hong Kong on Saturday, with a sell-through rate (by lot) of more than 90 percent, organizers said.

Christies Asia head of wine Charles Curtis said the sale “showed the vigor of the fine wine market in Asia.”

The sale raised HK$16.79 million ($2.16 million), Christie’s said in a statement.

“Confirming recent trends, there was competitive bidding for burgundy, for white wine and for Bordeauxs ‘super second’ growths, and ever-stronger results for Italian and Napa Valley wine,” Curtis said.

“Buyers eagerly snapped up both older vintages and large format bottles, again showing that collections here are broadening.”

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Wines from California's Napa Valley have caught on with Asia's growing number of vintage wine collectors. Photo by WPPilot, licensed under the Creative Commons Attribution-Share Alike 3.0 Unported license.
Wines from California’s Napa Valley have caught on with Asia’s growing number of vintage wine collectors. Photo by WPPilot, licensed under the Creative Commons Attribution-Share Alike 3.0 Unported license.