Posts Tagged US
Hong Kong On Course To Become World’s Top Wine Auction Market Within Year
Hong Kong has emerged as Asia’s wine auction hub over the past two years, driven by the enthusiasm of local wine lovers or new mainland Chinese wine collectors, but on the strength of wine auctions from the first six months of this year it appears that Hong Kong is on track to become the largest wine auction market in the world.
Read Full Story »China “Saves The Day” For Struggling Luxury Industry
This week, the Boston Consulting Group released the results of their survey of over 2,500 Chinese consumers, projecting that China should overtake Japan to become the world’s largest luxury market within five to seven years.
Read Full Story »New ArtTactic Survey Shows Confidence In Chinese Contemporary Art Market Is Back
With American and British collectors of Chinese art having trouble competing with their New Chinese Collector counterparts over the last several months, we can expect that China’s share of the art market should continue to grow into 2010.
Read Full Story »Burberry To Double Presence In China By 2012
Although there are signs that the global luxury market is finally getting back on its feet in hard-hit developed markets like Europe and North America, luxury executives apparently still have their eyes set firmly on the emerging world as their long-term insurance policy.
Read Full Story »China’s Middle Class: The Luxury Market’s Long-Term Engine
China’s luxury market has gained a lot of attention this year, mainly because it remains one of the few global markets where more luxury retailers are entering the market, rather than cutting back or leaving it altogether (as we’ve seen by more than one luxury retailer in Japan this year).
Read Full Story »The Implications of the Yuan Appreciation
Is the yuan’s internationalization running parallel to China’s evolution as a global player? In other words, as China’s position in world affairs grows, will the same be said of its currency?
Read Full Story »Luxury Car Sector Continues To Thrive in China
The sustained growth seen in the Chinese automotive market over the last year has shown that the vast Chinese market — vast both in size and in potential customers — still has plenty of room to grow. For luxury carmakers, who’ve had a tough year in markets like North America and Europe, recent figures that show Chinese buyers are still motivated to part with their cash are welcome, to say the least, as formerly reliable customers in the US and other major economies think twice before signing on the dotted line.
Read Full Story »Hong Kong Now World’s #1 Wine Auction Market, Surpassing London & New York
This weekend, Sotheby’s began a five-day string of auctions in Hong Kong — continuing until October 8 — with auctions of fine wine from the cellars of two anonymous American collectors. Though one of the world’s newest hubs for wine, due to a combination of ending wine duties, encouraging mainland buyers to take part in wine auctions, and growing demand both in Hong Kong and in mainland China, Hong Kong has within a few short years become the world’s #1 auction market for wine, overtaking traditional leaders London and New York.
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