American wine auction house Zachys has reportedly closed its Hong Kong office after 17 years of operation, marking a shocking retreat from Asia's key fine wine hub. Read More
USA
A British man accused of orchestrating a nearly US$100 million wine investment scam will be extradited to the United States to face charges, a London court ruled this week. Read More
The California Wine Institute has appointed its first-ever North Asia sommelier ambassadors following a four-day bootcamp held in Tokyo and the Izu Peninsula from May 12 to 15. Read More
The European Commission approved a €5 billion (US$5.6 billion) French scheme Thursday to help wine and spirits exporters accelerate shipments to the US before a 90-day tariff truce expires July 8. Read More
China’s sweeping new tariffs on American goods are already having unintended consequences—driving up smuggling activity as premium wine labels like California’s Opus One become increasingly lucrative targets for illicit trade. Read More
Billionaire William I. Koch, one of America’s most prolific—and most litigious—wine collectors, will auction off 1,500 lots from his prized cellar next month in what Christie’s calls a “once-in-a-generation” sale expected to fetch US$15 million. Read More
Boidevezi brings more than 20 years of leadership experience at the LVMH-owned spirits and wine house, having most recently served as President of the Asia Pacific Domestic Region, President of Global Travel Retail and President of Private Sales. Read More
The latest tariff threatens to effectively wipe out the nearly US$50 million U.S. wine trade with China, as the tax burden on American wines rockets to a staggering 218.91%. Read More
Sotheby’s has released its 2024 Wine & Spirits Market Report, showing that while the United States recorded impressive gains—overtaking Hong Kong in annual wine sales for the first time—Asia continues to hold its ground. Read More
As US tariffs takes effect today, more EU producers are looking elsewhere to offset US loss. Can Asia be the answer? Read More