Financial Times (November 29, 2010)
2010/ 11/ 30 by jd in Global News
Hong Kong is now the world’s most profitable wine market. Is this the ultimate sign of a bubble? Gideon Rachman writes Chinese are snapping up vintages in a manner “oddly reminiscent of the late 1980s, when Japanese buyers were paying unheard of prices for Impressionist art.” Recently, three bottles of 1869 Château Lafite went for a breathtaking £437,900.” Bubble or not, “For Europeans, staring bankruptcy in the face, China’s wine mania should be encouraging.”
