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Chinese buyer snaps up vintage wine at French auction

Published on Nov 18, 2013 6:26 AM
 
French Savoy Princess Clotilde Courau (right) poses with the buyer of the prestigious "piece du president" (the chairman's item), Ms Yan Hong Cao of China, during the 153th charity wine auction at the Hospices de Beaune, on Nov 17, 2013, in Beaune, central France. Ms Yan won the bidding for a coveted barrel of Burgundy wine at a Christie's-run charity auction in France on Sunday, paying 131,000 euros (S$220,000) for her cask.  -- PHOTO: AFP

BEAUNE (AFP) - A Chinese woman won the bidding for a coveted barrel of Burgundy wine at a Christie's-run charity auction in France on Sunday, paying 131,000 euros (S$220,000) for her cask.

It was the first time a Chinese buyer came away with the top item at the annual auction for the Hospices de Beaune charity, where around 443 wines went under the hammer.

Ms Yan Hong Cao, the successful young bidder who won the 456 litres of Meursault-Genevrieres, is from Yunan in south-eastern China and owns a chain of shops, jade mines and tea plantations.

Mr Michael Ganne, a representative from Christie's, which has run the auction since 2005, said a significant number of Asians had attended the event and that it generated "a lot of interest, with a small volume of vintage" available.

 
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