Hong Kong $230,000 Bid Overtakes London-New York Wine Auctions

Hong Kong $230,000 Bid Overtakes London-New York Wine Auctions

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He Wei Qi, a businessman from eastern China’s Zhejiang province, says he routinely pays more than 30,000 yuan ($4,500) for a bottle of wine to entertain guests. “A price tag of more than a million yuan a bottle -- that does more than show off your wealth, it shows you have good taste,” He, 38, said while attending a three-day Hong Kong wine and spirits exhibition that drew about 700 companies from 29 countries and regions. “We don’t care how outrageously expensive the wines are.”


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