China's Bordeaux Auction A Big Success
If you've got vintage wine to sell your best customers just might be a half a world away. Xinhua reveals in Beijing an auction of fine French wine did very well this week. The auction sold around 1,000 bottles of Bordeaux from famous chateaux ranging from Lafite to Margaux and Mouton. The wines were shipped directly from chateaux in France and are currently stored in Hong Kong. Around 94 percent of all bottles listed were sold with the bulk of the buyers planning to sample them themselves rather than sell or cellar them for investment purposes.
The wines were chosen by French wine expert Claude Maratier and all were given more than 90 points by Robert Parker. After the auction, Maratier told Xinhua that he was "very satisfied" with the result. Given that Bordeaux first growth Chateau Lafite is working on a vineyard in China, the Chinese may be soon producing greater quality wine but for now, their growing appetite for fine wine is Bordeaux's blessing.