SLOWDOWN FAILS TO CURB HONG KONG'S THIRST FOR RARE WINES

The sale showed that Asian collectors were still prepared to pay high prices for wine, even in a global economic slowdown.

Christie's booked HK$31.5m ($4m, €3.2m, £2.6m) from the sale of 231 lots of wines on Saturday, surpassing a pre-sale estimate of about HK$20m.

The wine auction, Christie's first in Asia since 2001, included 127 lots from the reserve cellars of Chateau Latour, which raised HK$18m, compared with its estimate of HK$10m.

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