A 300-bottle collection of Chateau Lafite Rothschild wine has sold at auction in Hong Kong for 4.2 million Hong Kong dollars ($539,280), the highest price for a single lot of wine at auction this year.
Christie's auction house said a private Chinese buyer bought the lot on Saturday, the first day of a two-day sale that raised HK$59.5 million ($7.6 million).
The collection sold for less than the pre-sale estimate's high end of HK$4.5 million. It consisted of 25 cases of 12 bottles from each year from 1981 to 2005.
Hong Kong has become the world's third largest auction hub, after New York and London, thanks to newly wealthy Chinese who are eager to spend on expensive collectibles.