Markets Magazine
Oenophile Chinese Purchase Bordeaux for $470 Mainland Bottles
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On a glass coffee table in his Hong Kong high-rise apartment, Peter V. Kwok eagerly unrolls an aerial photograph of the wine estate he bought in November. His Chateau Tour Saint-Christophe grows merlot and cabernet franc grapes in the St.-Emilion appellation of Bordeaux. With his finger, he traces the outline of its 17 hectares of old vines -- and then points out a dark-green slope.
“Those vines may produce the best wine,” says Kwok, managing director of USI Partners Ltd., a Hong Kong holding company with investments in hotels in China, including in Tibet.