Investment is often full of more failures or near-successes than it is outright winners – so it’s nice to make some noise about one when you get it right.
China’s Dynasty Fine Wines may face being delisted from Hong Kong Exchanges and Clearing Ltd (HKEx) if it fails to raise money to finance its daily operations, it has been claimed.
As the Black Friday frenzy subsides, Philip Staveley highlights a growing opportunity for wines from Pomerol on the fine wine market.
Christie’s latest Hong Kong sale realized over HK$55 million with a vertical of Mouton Rothschild and DRC 1988 storming ahead in the lead.
US auction house Hart Davis Hart has announced details of a “massive” three-day fine wine sale to be held this December.
With the end of the year approaching it seems increasingly likely that the secondary market for fine wine will end the year positively.
Waitrose is releasing a selection of £10 wine parcels in store with a range designed to sell-out in two weeks, in a move likely to draw parallels with Lidl’s Wine Cellar events.
The 2016 Hospices de Beaune sale did not match the heights of last year’s auction but it still realised €8.4 million – one of the highest totals on record.
Acker, Merrall and Condit’s upcoming Hong Kong sale on 10 December, will feature a number of fine wines; from first growths and super seconds to a rare 1911 Moët & Chandon.
Several rare lots of Champagne Bollinger, including a bottle of the 1914, were the main feature of Sotheby’s auction in New York at the weekend.
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