Hong Kong is Wine Hub: Mainland Chinese buyers increase 200%
- October 05, 2009 12:34
HONG KONG - Art and dinosaurs may not be moving at auction, but in a tough market, you can count on people drinking. Sotheby's nearly sold out its entire auction in Hong Kong Saturday, raking in HK$61.5 million (US$7.9 million) from 1,010 lots offered from American private collections. A 6-liter bottle of Chateau Petrus 1982 sold for US$94,000, setting a record. A mere 1 percent of the lots went to buyers who were not Asian.
_-Closing-the-Distance_100x100_c.jpg "Lot 204: Bob Kuhn (1920–2007),Closing the Distance, 1977, acrylic on masonite, 24 x 48 in, Sold: $409,500")
