Pursuits
China Rich Skip Lafite for First Time in 17 Sotheby’s Sales
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Sotheby’s failed to sell all of the wine in a Hong Kong auction for the first time in 17 sales as China’s wealthy collectors passed on oversized bottles of Chateau Lafite Rothschild yesterday in Hong Kong.
The weekend sales came after the Standard & Poor’s 500 Index had its worst quarter since the end of 2008. Top lot in the two days of wine purchases, worth a total of HK$99.1 million ($12.7 million), was the sale of a 12-bottle case of 1988 Domaine de la Romanee-Conti Burgundy for HK$907,500.