Asian wine market ‘strongest in the world’

4th October 2018 by Rachel England
Posted in: Wine Market News
Tagged: Asia market Sotheby's demand fine wine Latour Le Pin Cheval Blanc Hong Kong
Asian wine market ‘strongest in the world’

Auction house Sotheby’s says it’s currently the dominant force in the Asian market, with sales so far this year totalling more than HK$400 million.

Its most recent sale at the end of September helped to bump up this figure, where a case of 1961 Latour, 1982 Le Pin and an 18-litre Melchoir of 2010 Cheval Blanc pushed the auction to HK$113m.

Adam Bilbey, head of wine for Sotheby’s in Asia, said the house is “indebted to our knowledgeable and wine-loving audience in Asia, whose deep appreciation for Bordeaux and Burgundy … has helped place Sotheby’s in a leading market position in the region".

Meanwhile Jamie Ritchie, worldwide head of wine, said the house is witnessing “blockbuster demand”, and that “the Asian wine market is the strongest and most exciting in the world, with the greatest appetite for the very best wines”.

Related link:

https://www.thedrinksbusiness.com/2018/10/sothebys-leads-asian-wine-market/

Posted in: Wine Market News
Tagged: Asia market Sotheby's demand fine wine Latour Le Pin Cheval Blanc Hong Kong