Sotheby’s wine auction in Hong Kong this weekend started with a bang—every high end bottle and case sold. On the second day, however, prices “leveled” off, there were “bargains,” and China’s wealthy wine collectors even passed on some oversized bottles of Lafite Rothschild—the first time some wine went unsold in 17 sales.
All of it was part of Sotheby’s huge, 6-day auction of everything from porcelain, art and jewels to Bordeaux. Up to this point any bottle that had to do with top chateau first growth went for top dollar. “…prices were getting pretty insane,”Serena Sutcliff, Sotheby’s wine expert, said. “Today there was some good value.”
Read more at Business Week