At La Motte and Leopard’s Leap we are very bullish about the future of the wine industry in Asia, specifically Hong Kong and we have invested a lot of time and effort in growing our brands.
I was therefore very interested in an article on Decanter.com that spoke of Hong Kong becoming more and more important in the international wine auction world with Acker Merrall & Condit leading the field and Sotheby’s claiming the region is its most important wine centre.
Acker Merrall & Condit garnered USD 21.3m from four live auctions and one Internet-only auction in 2009 and plans six live auction in Hong Kong in 2010. This compared to six or seven auctions planned for New York in 2010.
Serena Sutcliff, head of Sotheby’s international wine department, told Decanter.com that “Hong Kong has become Sotheby’s most important wine centre, ahead of very successful auctions in New York and London.”
Sotheby’s three Hong Kong auctions grossed USD 14.3m in 2009 and plans at least four sales in 2010.