Eye On Asia (Part 1): Bordeaux Still Top of China’s List

21st May 2013

In the last five years there can be no denying that China has been pushing the fine wine market skyward almost single-handedly. No one could have predicted the demand from the Far East which has seen prices for certain wines skyrocket. 
In 2012 Christie’s sold over £23 million worth of fine wine at just nine sales in Hong Kong. There is still a huge appeal for the most famous wines in this part of the world.  
Christie’s auction house is now offering a service for Chinese investors that gives them the chance to buy more than just a few bottles of Lafite. The auction house can now offer investors the chance to buy vineyards in Bordeaux. 
In 2011 35 chateaux with vineyards in Bordeaux were sold; 21 went to Chinese buyers. In 2012 37 chateaux wre sold, with 23 going to the Chinese. Bellefont Belcier was the first classified vineyard to be sold to a Chinese buyer. Chateau La Fleur Jonquet was sold this week to a Chinese architect called Wengcheng Li. Li already owns two estates. 
Please come back next week for Part 2 of our Eye on Asia piece; China Set to Become World Leader at Wine Production