Petrus, Latour Top Sellout $3.5 Million Auction on Asian Demand
Petrus, Latour Top Sellout $3.5 Million Auction on Asian Demand
Oct 2, 2011 6
(Bloomberg) -- Sotheby’s autumn auctions began yesterday with a wine sale in which every bottle sold, fetching HK$27.2 million ($3.5 million) and led by 12 bottles of 1990 Chateau Petrus at HK$338,800.
The auction of vintages from a private American cellar was the 16th straight sold-out wine event for Sotheby’s in Hong Kong, showing the resilience of Chinese demand amid the volatility of financial markets elsewhere. The Standard & Poor’s 500 Index had its worst quarter since the end of 2008
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