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Angélique de Lencquesaing, co-founder and managing director of Idealwine, a website dedicated to buying, selling and valuing grand cru wines at online auctions, will be present for the fourth time. She estimates that Asian clients are the top buyers of older vintages of grand cru wines in the auction market.
French web company Idealwine has open this Spring an office in Hong Kong to take care of its Asian consumers. Idealwine online-only wine auctions had a €11million turnover in 2012, of which a tenth has been realized with Hong Kong, China, Singapore, Japan and Korea clients.
The wine auction market in Hong Kong is one of the biggest in terms of value dollar sales. Its no surprise then to see more players in the market. iDealwine.com - the leading French auction website has opened an office in Hong Kong.