000001916 001__ 1916
000001916 005__ 20181205135450.0
000001916 022__ $$a1566-0141
000001916 0247_ $$2DOI$$a10.1016/j.ememar.2016.08.014
000001916 037__ $$aARTICLE
000001916 041__ $$aeng
000001916 245__ $$aRed obsession :$$bthe ascent of fine wine in China
000001916 260__ $$c2016
000001916 269__ $$a2016-12
000001916 300__ $$a26 p.
000001916 506__ $$avisible
000001916 520__ $$9eng$$aThis article uses hammer prices from five global auction houses to analyse the price premium Bordeaux fine wine yields at Hong Kong wine auctions. We find that fine wine is on average sold at a 19% premium in Hong Kong. We further observe that the Hong Kong premium is not uniform and most pronounced for wines with perfect Parker scores and the most powerful brands. The premium has declined throughout the sample period from 60% in 2008 to a level of around 15% since 2012. This can be attributed to the increase in knowledge on fine wine by Chinese customers.
000001916 592__ $$aEHL
000001916 592__ $$cEconomie et Services
000001916 6531_ $$9eng$$aHong Kong
000001916 6531_ $$9eng$$aChina
000001916 6531_ $$9eng$$aauction hammer prices
000001916 6531_ $$9eng$$afine wine
000001916 6531_ $$9eng$$apremium
000001916 6531_ $$9eng$$ahedonic regression
000001916 655__ $$ascientifique
000001916 65017 $$aEconomie/gestion
000001916 700__ $$aMasset, Philippe$$uEcole hôtelière de Lausanne, HES-SO // University of Applied Sciences Western Switzerland ; Bordeaux Wine Economics
000001916 700__ $$aWeisskopf, Jean-Philippe$$uEcole hôtelière de Lausanne, HES-SO // University of Applied Sciences Western Switzerland ; Bordeaux Wine Economics
000001916 700__ $$aFaye, Benoît$$uINSEEC ; LAREFI ; Bordeaux Wine Economics
000001916 700__ $$aLe Fur, Eric$$uINSEEC ; LAREFI ; Bordeaux Wine Economics
000001916 773__ $$gDecember 2016, vol. 29, pp. 200-225$$tEmerging markets review
000001916 8564_ $$s614848$$uhttp://hesso.tind.io/record/1916/files/masset_red_obsession_2016.pdf$$yPreprint
000001916 906__ $$aGREEN
000001916 909CO $$ooai:hesso.tind.io:1916$$pDoc_type_Articles$$pGLOBAL_SET
000001916 950__ $$aI2
000001916 980__ $$ascientifique