China's imported wine prices have fallen since last year and prices have continued to fall. The reason is that China's current tax policy is also. For the first time, the famous wines on the auction floor continued to fade.

Chateau wine auction market shrinking <br> <br> from September last year, into a "counterfeit" storm of Bordeaux wine prices plummeted, Rafi and other ultra-high-end wine market is facing challenges, some of the vintage fell more than 40%, thriving The wine market suffered a sudden turning point. Statistics show that in 2011, the global auction of rare wines exceeded 500 million U.S. dollars. Due to the shrinking supply and reputation, coupled with the weakening momentum of Bordeaux, the total auction volume this year is expected to decrease to 400 million U.S. dollars.

In Huayi International's special wine auction this autumn, the number of shots of Mingzhuang Wine accounted for only about 10%. Li Yong, wine business manager of the auction house, told reporters that from the second half of last year, the auction market of the famous wines continued to shrink, while the market for high-end liquor and foreign wines continued to climb. This phenomenon became even more apparent by the autumn auction this year. For example, in 1987 the original box of Maotai (12 bottles) captured 21.85 million yuan; the first generation of EXTRA12 bottles of Rentou Ma Qingyan started with 48,000 yuan, and 115,000 yuan was sold, with a premium of 2 times. "The full description of the well-preserved, the original box original packaging of high-end wine and white wine is increasingly favored by the consumer market, the degree of enthusiasm in the market has gone beyond the trend of famous wine."

Constrained by high import taxes on Chinese wines?

In response, an unnamed wine dealer told reporters: “In fact, the price of Mingzhuang wine cannot be reduced. Everyone in the wine industry knows that the original 10,000 yuan of wine can sell 30,000 yuan, and now sells 2 Million yuan, there is still a lot of room for profit. The real reason for the bad taste of the wines in the village is that the import tax rate for Chinese wines is too high. A wine will enter the Chinese mainland market with a comprehensive tax rate of nearly 50%, and Hong Kong will start from 2008. Due to the full tax exemption policy on imported wines, Hong Kong can quickly replace London as the world’s second largest wine auction market. You would like to have a wine that can be shot on 10,000 yuan in Hong Kong, and the starting price in the Mainland should be at least 15,000 yuan. Sotheby's and Christie's auctioned the wine, so it was a spectacular one. There were several thousand bottles of famous wines in a special event, and there were also dozens of bottles in the country, and there were at most a hundred bottles, and the grade gap was too far. Under the policy, the auction of Mingzhuang Wine in Mainland China will always be a minor one.”