Lots of chat on the board about China’s impact on auction markets, fraud and such-like. There is a very interesting piece here http://beveragetradenetwork.com/en/article-base/getting-your-wine-into-shanghai-318.htm that outlines the day to day challenges of bringing wine to China. One thing that wasn’t really elaborated on in the article is the back label regulations in respect of all wines coming into the China system- all wines need a certified bottling date. That essentially means that anything sourced on the secondary market and imported is carrying a “made-up” back label- incredible then that the super-premium fine wine market (auctions and brokers) is so fixated with the China Market when in fact this a house of cards. Food for thought ![[scratch.gif]](/uploads/db3686/original/2X/4/42a16863a8714da3c1604419e3eb9206bb87aa50.gif "scratch"){kind=small}
I don’t follow your reasoning - how does regulation and idiosyncrasy equal house of cards? None of that implies that the China demand is a false bubble due for a collapse, you just have to overcome certain difficulties to get into the market.
I don’t think a Chinese back label is going to roil the whole fine wine market.
If the bottle is sound and the original labeling is correct this should be a non problem even if the wines are sent in the opposite direction(i.e. from China to other markets) at Hong Kong or other auctions in the future.
OK to be clear,
If you are buying or trading on the secondary market then importing the wine to China for either resale or consumption via the official route- you do not have the required documentation to import the wine to China, hence all of these wines are imported under “questionable documentation” . Thus any notion of any kind of “official provenance” is necessarily broken,
Make sense??
OK to be clear,
If you are buying or trading on the secondary market then importing the wine to China for either resale or consumption via the official route- you do not have the required documentation to import the wine to China, hence all of these wines are imported under “questionable documentation” . Thus any notion of any kind of “official provenance” is necessarily broken,
Make sense??
And isn’t China the biggest market for fakes? Lest we forget this gem…