Recent research shows the value of fine wine investment has outperformed luxury Hermès handbags and Rolex watches during the pandemic. Auction house Sotheby’s record-breaking year in wine and spirits sale in Asia affirms the trend.
Ningxia, China’s premier wine region in northwestern China, has announced the latest additions to its winery classification system, expanding its second growths but with top tier still conspicuously void of any names.
The Italian Wine Crypto Bank (IWCB), the first and only global wine bank based on blockchain and cryptocurrencies, has launched what it calls “the first cryptocurrency in the world entirely guaranteed by wine” starting from September 21.
A 15-liter bottle of Bordeaux first growth Château Mouton Rothschild – known otherwise as the “Nebuchadnezzar” – from the legendary vintage of 2000 was sold at Bonhams Hong Kong for more than one million Hong Kong dollars to an Asian collector.