Hong Kong Wine Auction Market Surges Past U.S. Totals

U.S. auction prices rise 6 percent in first quarter 2010, but Hong Kong outsells by 17 percent
Peter D. Meltzer
Issue: June 15, 2010

In a column last fall, European bureau chief James Suckling wrote, "Who knows how long it will be before Hong Kong surpasses New York as the center of the wine auction world?" By some metrics, the answer may be "first quarter 2010." The combined tally of the four auctions held in Hong Kong from January through March ($28,501,810) bested that of the eight auctions conducted in the United States over the same period ($24,343,625) by 17 percent.

For the full article, check out the new issue of Wine Spectator, on newsstands May 25, 2010.

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