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Acker Merrall & Condit December Hong Kong sale achieves HK$72.75 Million/US$9.09 Million, 92% sold

HONG KONG.- Acker Merrall & Condit, the World’s leading wine auctioneer and America’s oldest fine wine merchant, concluded another record year in Asia with its two-day Hong Kong sale held on 8 & 10 December 2011 in which over 800 lots were offered and a total of HK$72.75M/US$9.09M achieved with 92% sold. This spectacular result contributes to Acker Merrall & Condit’s 2011 annual Hong Kong sales total of HK$537M/US$69M, attesting to once again its #1 position and leadership in the wine auction market in Asia. With expected global revenues in 2011 of over US$110 million, Acker’s resounding result will top the market in America and the World as well, altogether representing the ‘Triple Crown’ in the global marketplace. Acker has also become the first wine auction house to break the US$100 million yearly mark in wine auction history. John Kapon, CEO of Acker Merrall & Condit Companies said, “2011