The Wine Collector

Practical wine collecting advice from Steve Bachmann, Vinfolio's CEO

Jun

2009

Sotheby's wine auction results reveal Asian buying power

Categories: Asia , Auctions

Sotheby's Wine department excellent results for the 1st half of 2009 provide further evidence of Asian buying power (read the press release). The tables below provide more details but here are a few points to highlight:

With only a single debut sale in Hong Kong in the first half (out of nine auctions), Hong Kong already surpassed the five sales in London in the same period and almost beat New York.
Over 56% of buyers at all nine auctions (measured by value) were Asian.
Among the top 100 lots by region, an astounding 88% were purchased by Asians.

Post a comment

(You may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Name:

Email Address:

URL:

Email me when anyone posts a new comment to this article:

Comments: