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Gavel trouble

Tuesday 27 October 2009
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I am told that there is another major incident  in the American fine wine market involving a very considerable consignment of wine sold by one individual to another in the US. Auction house A then refused to sell it, so the new owner went back to the vendor. Much tussling.

And the result apparently is that auction house B has sold some or all of it, in the US, with auction house C's lien on it.  All very mysterious indeed.

I would urge anyone buying fine wine anywhere, and particurly in Hong Kong, which is such a honeypot for the...

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