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Haut-Brion 1945 Tests China Luxury Demand at Hong Kong Sale

A 1945 bottle of Bordeaux, a Ming vase and a pair of 35-carat diamonds will show over the next six days how far Chinese demand for luxury items has been hit by tumbling stocks, property prices and economic sentiment.

Christie’s International estimates its Hong Kong sale of more than 3,600 lots will raise as much as HK$2.6 billion ($334 million). When the London-based auction house started its record HK$3.65 billion spring auction in May, Hong Kong’s Hang Seng stocks index had risen 19 percent in a year. Since the beginning of 2011 the benchmark has fallen 23 percent.