000001916 001__ 1916 000001916 005__ 20181220113728.0 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$$uhttps://hesso.tind.io/record/1916/files/masset_red_obsession_2016.pdf$$yPreprint 000001916 906__ $$aGREEN 000001916 909CO $$ooai:hesso.tind.io:1916$$pGLOBAL_SET 000001916 950__ $$aI2 000001916 980__ $$ascientifique