Leading auction house Christie’s has welcomed Adam Bilbey into its ranks, appointed as the new head of the wine and spirits department in Hong Kong.
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London-based Cask Trade is opening an outpost in Hong Kong following an “unprecedented” spike in demand from the region.
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Fine wine and spirits merchant Bordeaux Index has recorded over $125m in total sales in 2020.
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The growing importance of Italian wines on global trading markets is reflected in the half-year data released by Liv-ex, the online fine-wine trading platform.
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Global trader BI Fine Wine & Spirits has reported that its volume sales of high-end wine and rare whisky to Asia jumped 25% in March as Chinese buyers returned to the market.
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The Chinese wine market could contract by 20% or more and many businesses will fail as a result of coronavirus, two industry experts have said.
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The realisation first occurred in Ho Chi Minh City, after a charming waitress at 'The Garlik' restaurant produced a concise wine list. The restaurant was full of middle-class Vietnamese – and a handful of tourists – most of whom were drinking wine. I observed a similar scenario one week later, at Riedel's bar-cum-restaurant in central Bangkok. The sommelier was proselytising the virtues of white Burgundy – one of the many bottles contained in a wall-mounted enomatic machine - to a young Thai couple. I left the restaurant convinced that due to the media's powerful China obsession, the potential of these cultures to love wine was being grossly underreported.
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Andrew Catchpole reports from WBWE in Yantai on the booming bulk market and fast-evolving Chinese taste for wine
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Pernod Ricard’s first quarter figures revealed strong growth underpinned by China and India the Asian markets.
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Cult Wines, investment manager in fine and rare wine, has reported a 67% surge in annual revenues to £33.9m.
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Wines Unearthed, known to the industry through the London Wine Fair, is expanding to Asia.
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Fine wine trader BI has reported a 43% uplift in turnover to £50m for the first half of 2017, marking the strongest period of sales for the company for several years.
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