Wine draws record price

HONG KONG. A 300-bottle collection of Chateau Lafite-Rothschild, spanning every year from 1981 to 2005, fetched $HK4.2 million ($A500,000) at the start of a two-day Hong Kong auction estimated to raise as much as $US8.3 million ($A7.7 million).

By InvestSMART · 5 Sep 2011

By InvestSMART ·
5 Sep 2011

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The price, including fees, made it the most expensive single lot of wine auctioned this year, London-based auction house Christie's said.

The 25 cases of the Bordeaux first- growth, said to have been kept in pristine condition, sold to an absentee bidder. The price was below its pre-sale high estimate of $HK4.5 million as a slump in financial markets made some bidders hesitant. The region's stocks have had their biggest monthly slump since May 2010.

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Wine draws record price

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