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Wine demand among Asia’s HNWIs shifts from consumption- to investment-led

Wine selection

Asia’s high net worth individuals are increasingly treating wine as an asset class rather than just a passion investment, according to Cult Wines, a UK-headquartered fine wine investment company. “We see the trend has been accelerating, especially since Hong Kong’s elimination of import duties [on wine] in 2008,” Joe Alim, Hong Kong general manager at Cult Wines, told Asian Private…

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