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Auction - Christie's plans big wine auction in Hong Kong

Christie’s will be auctioning on Sep 18 in Hong Kong the SK Networks Collection, a single-owner wine sale. The wines are part of a corporate collection belonging to SK Networks – the Korea-based global business giant which encompasses trading, natural resources, petroleum, telecommunications, auto-service, fashion and wine business. This sale features lots from Wine Networks, a representative brand of the wine business division of SK Networks. The wines come from some of the world’s most renowned châteaux such as Lafite-Rothschild, Latour, Mouton-Rothschild, Margaux and Haut-Brion, and are in pristine condition, having been cellared in the UK and Bordeaux since purchase. Featuring over 400 cases of wine from the top Bordeaux châteaux, the sale is expected to fetch in excess of HK$26 million (US$3.4 million).
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Jing Daily said…
This auction should be pretty exciting to watch, as Hong Kong has emerged as Asia's wine auction hub. We reported earlier that Hong Kong was on course to become the world's top wine auction market within a year, granted that there's a steady stream of auctions as well as a sustained drop in interest and buying in the US. With this high-profile auction in line, we'll see if the demand has kept up.
Thursday, July 29, 2010
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