Chinese Love of Wine
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The Mandarin People are now demonstrating an increased love of fine wine, more than they ever have before. HK is fast becoming the centre of the wine trading industry, as more and more Chinese are opting to purchase fine wines. It is even becoming a worry for some in the Western World, as there are at present fewer vintages available for buying in some areas outside of China.
At a wine auction that was held in China, some of the states elitists came to learn from and experience the wine industry greats. Many of us didn’t even understand the guidelines of wine bidding, and they had to be taught prior to commencing the auction. Shortly after, prices for bottles of fine wine were soaring sky high, and those with large resources were taking home some of the best vintages in the world for huge profits. It was clear after the extremely successful auction that China now has a liking for the grape. Wine collectors and wineries are sprouting up all across the country, and soon China is expected to have the biggest wine trade in the whole world.
For Western wine collectors this is causing quite a hoopla. If China dominates the wine world, less fine wine is going to be imported and made available to other parts of the world, including America. But there are others who are excited about such a heavy demand for wine in China. For those collectors wanting to have a few bottles taken off their hands, or who would enjoy making some additional money, they see this transition as an opportunity. For example, selling a rare or awfully old bottle of wine to somebody in China could mean much more cash than it might garner if selling the same bottle in America, or perhaps Europe. Whatever the situation one thing is clear : China has developed a newfound love for wine!
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