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Asian buyers remain the main force in global wine and spirit auctions

time:2021-04-21  Author: Kira Number of visits:80

According to Sotheby’s latest “Wine and Spirits Market Report” for 2020, in 2020, Asian buyers account for 65% of global wine and spirit buyers.

Despite the raging epidemic, demand from Asia remains bullish. Thanks to the flexible adaptation of auction houses to online auctions, the proportion of Asian buyers reached the second highest record after 68% in 2019.

At the same time, driven by the Asian market, spirits has become an increasingly important secondary market, increasing its sales share from 1% to 19% in just four years. Sotheby's said that Asian buyers now account for 80% of its global spirits sales.

With increasing demand for wine and spirits, Lykwell also feel happy with our customers in drink market. Of course, if you need any support of custom packaging, please feel free to contact us. Lykwell team always provides you with our best services.

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