Financial Times FT.com

Chinese toast success at HK wine auction

By Justine Lau in Hong Kong

Published: October 5 2009 22:40 | Last updated: October 5 2009 22:40

Hong Kong has overtaken London and New York as Sotheby’s largest wine market after the auction house this weekend sold $7.9m of rare vintage to deep-pocketed Asian collectors.

One mainland Chinese connoisseur splashed out an eye-popping $93,077 (€63,563, £58,436) for a bottle of 1982 Chateau Petrus Imperial, in another example of how wealthy Chinese are setting records in markets from wine to property.

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