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Hong Kong property tycoon fetches HK$72.9 mil in wine auction

Venus Feng / Bloomberg
Venus Feng / Bloomberg • 2 min read
Hong Kong property tycoon fetches HK$72.9 mil in wine auction
Joseph Lau, the former chairman of Hong Kong real estate firm Chinese Estates Holdings, is a well-known collector. The sale offered more than 200 lots of wine. Photo: Bloomberg
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Hong Kong businessman Joseph Lau sold a collection of fine wine for HK$72.9 million ($12 million) in an auction, fetching more than US$41,000 ($52,859.04) a bottle for some rare French vintages.

All of the wine lots sold, and the amount raised exceeded the US$4.5 million estimate from Christie’s, according to a statement Thursday from the auction house.

The sale offered more than 200 lots of wine, including rarities from producer Henri Jayer, vintages from Petrus and selections from Domaine de la Romanee-Conti as part of Christie’s Hong Kong Luxury Week.

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