Acker Merrall & Condit conducted its first wine auction in Hong Kong on May 31, which realized $8.2 million and established new record.

The total was the highest for any wine auction held in Hong Kong to date (the sales was held in the wake of new Hong Kong legislation that abolished all taxes and duties on wine).

Bidding was fiercely competitive for a case of 6 magnums of Château Mouton Rothschild 1945 which fetched HK$1,306,000 (US$167,436) and a case of 12 bottles of Château Mouton Rothschild 1945 sold for HK$1,210,000 (US$155,128).