Auction results - Another white-glove wine auction in HK
We know Asians like good wines and they continue to prove it. Sotheby's Hong Kong pulled out its eighth consecutive 100%-sold wine auction in the last 18 months. Interestingly Asian buyers widened the range of wines they pursue as they enthusiastically responded to Burgundy, Rhône, California, Australia and Madeira offered in the Magnificent Cellar of Marcus D. Hiles sale. Asian buyers are now dominating the worldwide auction market for wine. Buyers competed so strongly for top wine that the Domaine de la Romanée-Conti, which accounted for only 20% of the volume, achieved 40% of the value. Overall, the sale realised about $6.4 million.