Hong Kong abolished duties on wine imports in 2008 and Burgundy wines are now proving very popular with Asian collectors. Photo: Anthony Wallace / AFPAFP · 3 Sep 2016, 17:08Published: 03 Sep 2016 17:08 GMT+02:00Some 2,000 bottles of vintage French burgundy wine from the venerable Maison Bouchard Pere et Fils, including one from 1846, were snapped up at a Hong Kong auction Saturday. The 1846 vintage, from the Meursault-Charmes region, sold for HK$134,750($17,451) -- far exceeding a top-ranged estimate of HK$80,000 -- to an undisclosed bidder after enthusiastic bidding at Christie's Hong Kong office. Tim Triptree, senior specialist and head of sales for Christie's winedepartment said he was "delighted" with the results from the Bouchard sale. Hong Kong, which abolished duties on wine imports in 2008, has been agateway to the booming wine market in mainland China, but an austerity drive in China has made officials wary of bagging high-end bottles.

Source: The Local September 03, 2016 15:00 UTC