|Recent statistics from Sotheby’s show that Asian wine buyers are multiplying. 35% of the sales were from Asia this year up from 21% last year. 58% of the top 100 lots were sold to Asian buyers this year up from 33% last year.|
Its hard to pinpoint the exact reason for this increased activity but the elimination of Hong Kong and Macau duties, booming Asian economies and a weak US dollar were definitely factors. Indian buyers probably played just a small role in this growth, but that will definitely change in years to come.