Word: wined
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Hong Kong may be better known for its char siu bao than its chardonnay, but the wealthy city is making a surprising bid to become one of the world's most important markets for fine wines. Last weekend marked another milestone: In the second of its two major wine auctions held this year in Hong Kong, Sotheby's on Oct. 3 and 4 sold $7.9 million worth of vintage wines, taking the house's total wines sales in Hong Kong to $14.3 million in 2009 - eclipsing its sales totals of $10.5 million in New York and $8 million in London...
...There's an obvious explanation why Hong Kong is suddenly terroir cognito in the wine world. The global recession has gutted the portfolios of wealthy Western investors who are cutting back on their lavish purchases, including spending on vintage wine. Not so for Chinese investors. China's economy has suffered less and bounced back faster from the financial crisis than the economies of the U.S and U.K. At the Sotheby's auction, a six-Liter bottle of 1982 Chateau Petrus Imperial - described as having a sweet leather taste and a pruney finish - was gaveled off to a mainland Chinese bidder...
...fact, Hong Kong, a former British colony that has long been a major Asian trading and financial hub, has for several years aspired to become Asia's premier wine hub. Hong Kong collectors already own 17% of the world's stock of fine wines. But most of that stash - the largest in the world on a per capita basis - has been stored abroad because the city charged an onerous duty on imported wines that at one point reached as high as 80%. Then, two years ago, the market really began to flourish when the government scrapped all wine and spirits...
Lisa Corva, 45, novelist and fashion journalist Aperitivo hour is sacred in Milan. I'd have a glass of Falanghina, a full-bodied white wine, at Fioraio Bianchi, tel: (39-02) 2901 4390, in the Brera district. It's a favorite with the fashion pack. Then I'd seek out some real Milanese cuisine at Trattoria della Pesa, tel: (39-02) 655 5741, in Garibaldi. The risotto al salto is a delicious pancake of crispy rice made with leftover saffron risotto. After dinner, I might head to Blue Note, tel: (39-02) 6901 6888, the Milan outpost...
...best place to stay in Kolasin, with its wonderful spa, first-class gym, nightclub, fine restaurant and massive indoor pool. Rates start from about $190 for a standard double. While the nightlife does not rival Val D'Isère's, you can swap Budweiser and burgers (or red wine and raclette) for pear schnapps and kacamak, a delicious fondue-like dish made from boiled potatoes and melted cheese, eaten in traditional straw-roofed restaurants like Savardak...