After removing tariffs, Hainan, China’s biggest duty-free market, is planning to remove VAT and excise tax for imported wine and spirits in a bold move to boost its attractiveness for tourists. Read More
Whisky
A super lot celebrating the affinity between The Macallan and James Bond is going under the hammer along with a slew of Macallan lots as part of Edrington Hong Kong’s first-ever charity gala at Rosewood Hotel next week. Read More
Dubai has ended its longstanding alchol tax at the start of this year and made its liquor license free for all in an effort to bolster domestic consumption and tourism. Read More
A new auction record was set for American whisky Pappy Van Winkle when a bottle of 23 Year Old Family Reserve was sold for US$52,500 - more than seventeen times the pre-sale estimate (est. $3,000-4,000) by Sotheby's in New York. Read More
China has reportedly suspended alcoholic beverage imports from Taiwan allegedly over labelling issue, affecting the island's exports of popular beer brands and Kavalan whisky as tensions escalate. Read More
Sotheby's will auction off what is dubbed to be the world's oldest single malt whisky from The Macallan this week in London. Read More
Japanese alcohol exports passed a milestone in 2021 by surpassing the ¥100 billion mark for the time fueled by strong demand for its sake and whisky. Find out which countries are buying the most from Japan. Read More
China’s wine and spirits imports in the first half of the year continued to drop due to sporadic lockdowns, while whisky surprisingly beat market gloom and signs of recovery in wine started to emerge after May. Read More
Amid the surge in demand for collectible whisky, Sotheby’s will offer The Timeless Whisky Collection – the highest value whisky collection ever to be presented in a standalone auction in the US. Read More
Drinks giant Pernod Ricard reported record year of sales and profits in 2022, driven by strong, balanced and diversified growth but its wine category is lagging behind. Read More