“By making this wine vine known to the public, I have rendered my country as great a service as if I had enabled it to pay back the national debt.
– Thomas Jefferson
Our strong network of merchants has now expanded into Hong Kong and Shanghai especially since China and Hong Kong now command around 60% of the Asian wine market. In a boost to Hong Kong’s bid to become Asia’s fine-wine trade hub, wine import taxes were removed in 2008.
Auction houses like Christie’s & Sotheby’s have started wine auction businesses in Hong Kong, while Bonham’s also conducted wine auctions there from April 2008 with an impressive hammer rate of 96.4%.