HONG KONG AUCTIONS PRESENTS HISTORIC VINTAGE GRANDS CRUS

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) June 29, 2010 -- The auction will be held at The Mira Hotel Hong Kong at 7:00PM local Hong Kong time.

Hong Kong Auctions’ charity auction will present more than 200 lots, targeting bidders, including high-net-worth individuals aiming at purchasing top-end wines at about HK$200,000 a bottle, and enthusiastic drinkers looking for good quality and everyday wine sold under HK$200 a bottle. Part of the proceeds will go to charity in raising funds for the Beijing Cultural Development Centre for Rural Women (北京農家女文化發展中心).

Hong Kong Auctions held a recent auction in Macau where a world record for selling a magnum bottle of Petrus vintage 1949 was broken, fetching USD 21,240.
The remarkable selection of wine that will be available at the auction include a bottle of Moet & Chandon 1914 (estimate: HK$40,000-50,000), a bottle of Petrus 1928 (estimate: HK$180,000-220,000), a Marie-Jeanne of Château Lafleur 1945 (estimate: HKD200,000-230,000), a Magnum of Château E’glise Clinet 1947 (estimate: HK$70,000-90,000) and a eroboam of 1956 Château Mouton-Rothschild (estimate: HK$80,000-$100,000).

In addition to the good value grand cru NV and rare vintage champagnes, Hong Kong Auctions is proudly offering its own recommendation of the 1998 BIG7 Best Collection, an underrated vintage, especially Chardonnay Dominant Champagne, and is considered their best wine in decades. Highlights include a six-magnum lot of Vilmart & Cie Coeur De Cuvee Premier Cru 1998 (estimate: HK$14,000-18,000) and and a case of 1998 Dom Perignon Prestige Cuvee (estimate: HK$16,000-18,000).

Among the lots is a selection of wine by Lou Dumont, established in 2000 by Koji Nakada and his wife Jae Hwa Park. It is special not only because of its Chinese character label, but its focus on terrior and traditional wine making. The popular Lou Dumont wine has been favoured by fans of the influential, worldwide circulated Japanese manga comic series about wine, “Les Gouttes de Dieu (神之水滴)”. This sought-after collection of Lou Dumont 2007 wine, with an estimated price ranging from HK$5,000 to $17,000 for a case, is its first commercially released wine in Hong Kong and China.
There are blancs from the around the world that are rarely found in Hong Kong. Hong Kong Auctions is pleased to offer a selection of horizontal vintage 1999 of both rouge and blanc Maison Leory and a private collection of venerable 1966-2005 Maison Remoissenet 1966-2005, including 18 Premier Crus and 16 Grand Crus.

Francesco Lee, Director of Wine Assessment and Consignment at Hong Kong Auctions, comments:

“The wines I selected for the upcoming auction are my favourite best-value fine wines, with a wide range of Champagnes, Bordeaux and Burgundies available. It is almost everyone’s dream to enjoy vintage wine not only because there is a good chance it coincides with your own birth year but its maturity and history behind it. It is my dream to introduce wines to fulfill your wishes and imagination while it is you who can make it come true. One of the characteristics of this collection is enjoyment. There are a large number of vintage wines that were reconditioned by Chateaux and recently released by Chateaux and Domaines such as Gruaud Larose 1947, Mouton Rothschild 1956, Close Fourtet 1959, and Remoissenet Collection .

“In light of the sharp rise in interest from Asian connoisseurs, we see the surge in demand for top quality wine. Hong Kong is well-positioned to hold regular wine auctions given the proximity of Chinese buyers and its advantage as an untaxed city for wine.” said Brian Hodgson, Managing Director of Hong Kong Auctions who is conducting the sale on the day. “Given the interest in the last auction, we expect the auction price for some of the wines in the upcoming summer auction to be close or exceed the record price fetched for the Petrus vintage 1949."

Collectors from around the world can take part in the upcoming sale with absentee bids or in real time via a online bidding platform.

An e-catalogue illustrating a complete list of wines for auction is available on: http://www.hkauctions.com.

Notes to Editors:
1. Hong Kong Auctions is a benefit auction company in Asia providing full auction services for land, memorabilia, art and wine. An auctioneer since 2000, Brian Hodgson conducts over 60 charity auctions in Hong Kong and across Asia, bringing fun, laughter and speed to auction. For more information, please visit www.hkauctions.com.

2. Originally from Hong Kong, Francesco Lee is currently pursuing the Master of Wine qualification. Passionately interested in viticulture and wine asset, Francesco gave up his pharmaceutical chemistry business which he founded in 2002 and totally devoted himself to wine and became oenophile since then. He is a wine educator, investor and private consultant to wine makers in Europe. Hugely influenced by his parents, Francesco has been a wine collector since 1995. He is a writer of wine and other collectibles in several magazines.

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