| | Hong Kong Woos The Wine Industry
HONG KONG, March 18th - The Hong Kong government's decision to abolish duties on wine, beer and all alcoholic beverages, announced late last month, has stirred the imagination of local wine industry players, who envision the city becoming Asia's wine hub. more |
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| | Hong Kong Scraps Wine, Beer Duties on Record Surplus
Hong Kong's government abolished taxes on wine and beer after posting a record surplus, boosting efforts to turn the city into a wine-trading hub. The tariffs will be abolished immediately, costing the city government HK$560 million ($72 million) in annual tax revenue, Financial Secretary John Tsang said in his budget speech. more |
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| | Wine Auctions May Not Resume Until Duty Cut
Hong Kong may loose out to Macau, Shanghai, Beijing or Singapore as the region's fine-wine hub if alcohol duties are not scraped soon, the Hong Kong Wine & Spirits Industry Coalition said. With the mainland market for imported wines projected to grow from just over 2 million cases to about 50 million by 2017, it said Hong Kong needed to act now if it was to capitalise on this opportunity. more |
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| | Good As Gold
Considering Hong Kongers' passion for collecting and investing , it was only a matter of time before banks and financial advisers started to cater to both interests by including collectables - art, vintage cars and the like - when assessing client's portfolios, and hosting seminars on investing in such items. more |
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| | Credit Crunch Fuels Investor Thirst For Art, Wine
LONDON, March 2 - Rollercoaster markets may have cooled investor appetites for shares or property, but interest in offbeat investments is booming as a growing number of art and wine funds compete to combine passion with high returns more |
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| | Bonhams And Acker Merrall Go To Hong Kong
27th February, Bonhams and Acker Merrall & Condit plan to hold auctions in Hong Kong soon in an effort to cater to affluent China's soaring taste for fine and rare wines. The arrival of auctions could make that commercial city the world's third most important auction center after New York and London more |
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| | China Set To Move Up In Rankings Of World Wine Consumers
China and Hong Kong will the the eighth biggest wine consumer in the world by 2012, according to research commissioned by Vinexpo. Taking an ever bigger slice of the US$100bn world wine industry, China joined the 'top ten club' of the biggest wine consumers last year. more |
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| | Emerging Markets Fine Wine Frenzy Lures Investors
LONDON, Jan 15 - The newly rich in fast-growing emerging economies like Russia and China are developing a growing thirst for the finer things in life, and wine investors are cashing in on the trend. more |
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| | Get High On Wine Investment
BANGALORE (India): In the cellars of some of the world’s most luxury-loving connoisseurs is growing a unique form of investment — wine. more |
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| | Storing Money In The Cellar - The Case For Investing In Wine
Esther Shaw examines a market where you can mix business with pleasure
If you're partial to the odd tipple, think you know your Burgundy from your Bordeaux, and have a little cash to spare, then you may be attracted by the idea of dabbling in fine wine. more |
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| | Want Real Liquid Assets? Try Investing in Fine Wine
A good wine can make or break a gourmet meal, but can it do the same for an investment portfolio? Recently, the value of fine wines has appreciated at an impressive rate. They do not correlate with stocks or other traditional assets, and tend to be more stable. more |
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| | Fine Wine Market Outperforming Chinese Equities
Has the ramp in Baidu (BIDU-NASDAQ) left you speechless? The market for fine wine has been on a tear that leaves Baidu in the dust. The Chinese have not really taken to wine yet, but with new millionaires being created daily it is only a matter of time until they begin to participate in the finite market that is wine. more |
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| | Wine Funds Post Big Gains From Investing in Blue-Chip Bottles
Eight years ago, I realized that the case of the scarce 1982 Chateau Lafleur Bordeaux I was hoarding in my cellar was simply too valuable to drink. I'd bought the wine before it was even bottled, as futures, for $350, and I unloaded it for enough money to purchase a car. In March, it was trading for more than $40,000. Maybe I should have waited. more |
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| | The Ultimate Liquid Asset
It's quite alright if a $10 Merlot meets your standards for a "wine experience." Many would agree. A 1998 Cheval Blanc, which can sell for more than $500 a bottle, is a decadent purchase that should be reserved for oenophiles and their fancy tastings. more |
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