Financial Times FT.com

Hong Kong takes lead at Sotheby’s wine sale

By Justine Lau in Hong Kong

Published: October 5 2009 20:22 | Last updated: October 5 2009 20:22

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

One mainland Chinese connoisseur splashed out a record $93,077 for a bottle of 1982 ­Château Pétrus Imperial, providing further evidence of how wealthy Chinese are leading buying activity in markets from wine to property.

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