Chinese are buying fine wines ‘like never before’, says US auction house Acker Merrall

January 09, 2018

Chinese people are increasingly snapping up fine wines from around the globe, especially in Hong Kong which has become an import sourcing hub for mainland consumers, according to American wine auction house Acker Merrall & Condit.

“The Chinese buyers are now the most important segment of clients for us,” said Acker Merrall’s chairman, John Kapon, during an interview in Hong Kong ahead of one of the company’s wine auctions.

The city has in recent years become one of the two most important wine auction markets in the world, along with New York, according to the company. Acker Merrall has sold almost half a million bottles of fine wine in Hong Kong over the years, of which around 90,000 bottles went to mainland customers.

Continue reading: South China Morning Post





Also in News

Rare Wine Auctions Set New Records in the First Half of 2018
Rare Wine Auctions Set New Records in the First Half of 2018

July 24, 2018

Feverish demand for Burgundy and renewed interest in Port marked sales from New York to Hong Kong.

Continue Reading

What Makes Grand Cru Great
What Makes Grand Cru Great

July 19, 2018

Grand cru is usually translated to "great growth", though the long-winded "(product of) a great growing site" gives a clearer understanding of the meaning. Cru is the past participle of the verb croître, to grow. However, what this term means in practice in the French wine industry varies by region.

Continue Reading

Single bottle of Penfolds 1951 Grange sells for Australian wine high of $78,000 at auction
Single bottle of Penfolds 1951 Grange sells for Australian wine high of $78,000 at auction

June 25, 2018

IT’S the single most-expensive bottle of Australian wine ever sold and of course, it’s from one of the best winery regions in the world — South Australia.

A SINGLE bottle of the revered first vintage of Penfolds Grange, has smashed the record price paid for a bottle of Australian wine. 

Continue Reading