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U.S. Wine Auctions Match Hong Kong as China Demand Falls

The U.S. matched Hong Kong in wine auction sales by the five largest houses in the final three months of last year after outstripping it in the second quarter, in a sign of weakened Chinese demand for top Bordeaux in 2012.

Sales in the U.S., excluding internet events, totaled $46.5 million in the quarter to Dec. 31, compared with $46.0 million in Hong Kong, according to data compiled by Bloomberg from Acker Merrall & Condit, Christie’s International, Sotheby’s, Zachys and Hart Davis Hart Wine Co. Second-quarter wine sales amounted to $37.0 million in the U.S. and $31.2 million in Hong Kong.