Recall our post a few years back about the wine bubble developing in Hong Kong.
Although most of the new demand has a mainland-China connection, there have been buyers from South Korea, Japan, Indonesia and Thailand, all of which still tax wine heavily…Moving wine into these countries would be costly. But for many buyers that is beside the point. They are buying to invest, not to imbibe. Their bottles will remain in the vaults…
Now it appears wine consumption is on the rise. The times they are a changin‘!
(click here if video is not observable)