Asia's thirst for wine cheers investors

Asia's growing thirst for fine wine has helped Hong Kong become the world's biggest centre for auction sales, and makes a compelling case for investment, according to wine auctioneer Acker Merrall & Condit.

John Kapon, chief executive at Acker Merrall Condit, holds bottles of Romanee Conti, 1990, during yesterday's press conference AFP

Europeans are spending less money on wine these days, due to a change in drinking habits and the weakening economy, but strong demand in Asia is keeping the industry's growth story alive, according to MA International, an MA boutique.

Indeed, Hong Kong has even overtaken New York as...

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