Hong Kong educates its palate by drinking best French wine following Bonhams Wine Sale
Black Pearl of the Orient is top lot

21 Nov 2013, Fine and Rare Wines, Cognac & Single Malt Whisky

Bonhams auction of Rare Wines, Cognac and Single Malt Whisky at Hong Kong's Island Shangri-La Hotel on Thursday 21st November, made HK$14.7 million with rare and precious French wine snapped up for top prices.

The sale took place before an enthusiastic audience of wine loving collectors, as well as international internet bidders.

Daniel Lam of the Bonhams wine department in Hong Kong said after the sale: "Wines that are bought in Europe for laying down in cellars for later consumption are here opened and enjoyed almost immediately. Buyers want to drink now and to understand, to lay down knowledge in their heads, not bottles in their cellars. There is a huge hunger for wine knowledge and a need to educate palates. So wines that cost HK$330,750 like the 12 bottles of Romanee-Conti assortment 1999, the top priced wine in the auction, will be drunk very soon."

He added that the trend of top quality Bordeaux and Burgundy wines with impeccable provenance commanding top prices continued.

Two magnum bottles of Chateau Petrus 1961, did well with a price of HK$306,250, better than the price they would have made in France itself. Hong Kong continues to be the best place in the world to achieve top prices for wine.

Black Pearl of the Orient:

The very highest price in the sale went to a magnum of Remy Martin Louis XIII Black Pearl Cognac that made HK$465,500.

WHISKY PRICE GIVES A LIFT TO SPIRITS IN CHINA

Top whisky price in the sale was HK$318,500, paid for a bottle of 60 year old Macallan Lalique. This prize was carried off by a mainland Chinese buyer. A Japanese whisky achieved a price of HK$98,000.

The sale achieved a selling rate of 82 per cent by value.


NOTES FOR EDITORS

Bonhams, founded in 1793, is one of the world's largest auctioneers of fine art and antiques. The present company was formed by the merger in November 2001 of Bonhams & Brooks and Phillips Son & Neale. In August 2002, the company acquired Butterfields, the principal firm of auctioneers on the West Coast of America. Today, Bonhams offers more sales than any of its rivals, through two major salerooms in London: New Bond Street and Knightsbridge; and a further three in the UK regions and Scotland. Sales are also held in San Francisco, Los Angeles, Carmel, New York and Connecticut in the USA; and Germany, France, Monaco, Hong Kong and Australia. Bonhams has a worldwide network of offices and regional representatives in 25 countries offering sales advice and valuation services in 60 specialist areas. For a full listing of upcoming sales, plus details of Bonhams specialist departments go to www.bonhams.com

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