Hong Kong wine auction brings in 64 million

Good content takes resources. If you find Grape Wall useful, help cover its costs via PayPal, WeChat or credit / debit card. Also check out Grape Wall on Facebook. Twitter and Instagram. And sibling sites World Marselan DayWorld Baijiu Day and Beijing Boyce.

By Jim Boyce

The wine auction held Saturday night in Hong Kong by Acker Merrall & Condit brought in HKD64 million (USD8.2 million), according to Bloomberg:

The top lot, 12 bottles of 1990 Domaine de la Romanée-Conti fetched HK$1.89 million, the high end of an estimated range and an auction record for a case of Romanée-Conti…. The item is one of about 900 lots Acker had expected would fetch a total of $6 million. About 92 percent of lots offered sold. Acker will return for a second auction in November to offer about 1,000 lots, President John Kapon said.

Hong Kong abolished wine duties in February and aims to become a wine hub. Kapon is quoted as saying that Chinese buyers won “about 30 percent of the top 20 lots.”