Hong Kong Wine Auction Fetches $2.2 Million

An auction of fine and rare wines fetched $2.2 million in Hong Kong on Saturday, with more than 90 percent of the lots sold, the organizers said.

Christie’s Asia head of wine Charles Curtis said the sale "showed the vigor of the fine wine market in Asia".

The sale raised HK$16.79 million ($2.16 million) and was 93 percent sold by lot, Christie's said in a statement.

"Confirming recent trends, there was competitive bidding for burgundy, for white wine and for Bordeaux’s 'super second' growths, and ever stronger results for Italian and Napa valley wine," Curtis said.

"Buyers eagerly snapped up both older vintages and large format bottles, again showing that collections here are broadening."