date:Jan 07, 2016
ction in 2014, for example, some US$104 million, or 30%, was accounted for by Hong Kong alone2. By 2024 it is predicted that China will boast nearly 15,700 ultra-high net worth individuals (UHNWIs) and 338 billionaires3. It is already the single biggest consumer of luxury goods around the world, accounting for some 29% of the global luxury spend and its consumption of wine has been growing by 20% a year4.
Cult Wines has identified strict limitations on supply and rising demand from wealthy buye