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Burgundy Soars as Chinese Buyers Grab $69,000 Cases at Auction

Hong Kong investment banker Alan Chen embraced wine collecting after a visit to Bordeaux’s Chateau Margaux five years ago.

“Now I’m fascinated by Burgundy,” said Chen, head of Asian Equities at Mizuho Securities Asia Ltd., as we sipped 1999 Domaine de la Romanee Conti Richebourg at a pre-auction tasting in Hong Kong.