Asia Leads the Pack in Fine Wine Sales

Asia Leads the Pack in Fine Wine Sales

by Westgarth Wines March 08, 2019

Asia has been setting records in the fine wine auction market, from the record setting $16 million dollar sale of “The Philanthropist’s Cellar” to Sotheby’s reporting its highest sales ever in Asia. Hong Kong is leading the way making up 53% of the wine-auction sales, according to Sotheby’s. The ability to buy premium wine online has been a catalyst for the recent growth in emerging markets as it allows consumers in remote locations to learn and locate wine. While a boon for those consumers, we can expect prices to rise higher—maybe time to invest while the getting is good?

Related Link: Growth In The Wine Auction Market Is Driven By Asian Consumers





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