Sotheby¡¯s Opens Wine Shop in Hong Kong
Date£º 2014-09-17 17:36  Source£º sina    Author:    Translator:

Sotheby¡¯s opens wine shop in Hong Kong,hoping to meet local market¡¯s strong demand for high quality wines.

 

It¡¯s the second shop on the world after New York.As its first shop in Asia,the Hong Kong shop offers wide range of wines for wine lovers,collectors and investors,from HK $280,000 wine per bottle to HK $148 table wines.

 

In the past 4 years,Sotheby¡¯s Hong Kong Sales totally reached HK $1.4 billion.

 

As world¡¯s oversupply of wine and weak demand from traditional markets,many wine producers started to focus on  China and other emerging markets.According to OIV,China¡¯s wine consumption in 2013 at about 17 million liters,drop from 2012.

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