http://www.bloomberg.com/news/2011-07-20/face-scans-protect-230-000-lafite-from-hong-kong-s-thieves-and-humidity.html?cmpid=
After Hong Kong axed wine duties in February 2008, imports surged to $858 million last year, from $185 million in 2007. Auction house Sotheby’s (BID) hasn’t had an unsold bottle in the city in its last 15 auctions and broke the world record in October with three bottles of 1869 Chateau Lafite that fetched HK$1.8 million ($230,930) each.
“It’s exploded, and you need logistics to support that,”said Robert Sleigh, who runs Sotheby’s Asia wine business. “Now there are world-class wine storage facilities in Hong Kong.”
After Hong Kong axed wine duties in February 2008, imports surged to $858 million last year, from $185 million in 2007. Auction house Sotheby’s (BID) hasn’t had an unsold bottle in the city in its last 15 auctions and broke the world record in October with three bottles of 1869 Chateau Lafite that fetched HK$1.8 million ($230,930) each.
“It’s exploded, and you need logistics to support that,”said Robert Sleigh, who runs Sotheby’s Asia wine business. “Now there are world-class wine storage facilities in Hong Kong.”
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