China pivots to Burgundy.
Thankfully, the wine market’s sour turn could also just be a sign of changing tastes. Eighty-six of the 100 bottles Liv-ex tracks are Bordeaux, the traditional king of fine wine. But as the Financial Times wrote in May, recent auctions suggest that Hong Kong buyers, perhaps spurred by the rampant counterfeiting of top Bordeaux, are branching out to wines from other regions, especially Burgundy labels such as Domaine de la Romanee-Conti.
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