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SCMP - Wine auction sales expected to exceed US$60m this year  Download this article in PDF Local wine auction sales are expected to top US$60 million this year, about twice the value of wine sold at auction in London, according to estimates from major auction houses. This will see the city solidify its position as the world's biggest fine wine auction market after New York.   The city's rapid ascent is remarkable because it comes little more than a year since the government scrapped import duties on wine. About US$27 million of wine was auctioned in Hong Kong last year.   Article Statistics: Viewed:21366 Current Reviews: 0  Download this article in PDF