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Hong Kong has, since abolishing wine tariffs last year, become the darling of the wine auction world, and perhaps no company has benefited more from the city’s wine boom than Sotheby’s. With Asian buyers snapping up 57% of wine by value at worldwide Sotheby’s auctions this year, the start of regular sales in Hong Kong, a significant increase in the mainland Chinese collector base, and the huge success of the “Classic Cellar from a Great American Collector” series, Sotheby’s wine department has a lot to be thankful for as 2010 approaches.
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