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Hong Kong Fine Wine Auction Sets Records
Tara Loader Wilkinson
3 April 2012
An auction of
fine wine held in Hong Kong last month raised a record HK$34,841,396 ($4.4 million) with an 86 per cent sale rate, underlining the growing Asian appetite for fine wine. The sale brought by California-based
wine auctioneer Spectrum Wine Auctions, took place on March 23 and 24, 2012 at
the Grand Hyatt Hotel, Hong Kong. “The Spring 2012 Auction continues to
reinforce that Hong Kong remains in its leadership position as the best place
for live wine auctions, shattering five existing records in just two days,”
said Spectrum Wine Auctions president Jason Boland. New records included 12 bottles of 1996
Domaine de la Romanée-Conti Richebourg at $19,120, six magnums of 2001 Château
d'Yquem at $10,755, and 12 bottles of 2005 Rousseau Chambertin at $23,900. Boland added that the high online and
phone contingent added another dimension to the bidding. “While on-site the room was packed with
frenzied bidders looking to take home the world's finest Bordeaux, Burgundies
and other rarities. Perhaps even more interesting was the huge phone and online
contingent of bidders from around the globe, chasing these finest of wines,” he
said.