CCTV.com - CNTV English - CCTV News

Moutai reach record high price in auction

01-06-2011 08:57 BJT

Watch Video

Play Video

Kweichou Moutai is China's best-known liquor. At the end of last year, a bottle of 1958 Moutai fetched a record price of 1.45 million yuan at auction. And the craze continues. Bidders at a Monday auction drove up a case of 1985 Moutai to over a million yuan.

Moutai seems to be making everyone drunk. In the opening rounds of Monday's auction, almost every bottle goes for over 40 thousand yuan, nearly triple the opening price.

The demand seems to be verging on insanity.

An audience member said, "I never imagined Moutai could be driven up to so high."

Bids soon surpass 100,000 yuan. The opening price for a case of 1985 Moutai is 250 thousand yuan. As the only liquor at China's state banquets back in the 1980s, the appearance of this case causes a sensation.

At the end of last year, a bottle of 1958 Moutai fetched a record price of
1.45 million yuan at auction.


Hot Videos view more
Hot Stories more

Embassy: 2 Chinese nationals aboard capsized S Korean ship

The Chinese embassy in Seoul has confirmed two Chinese citizens were on board the ferry. Staff from the embassy has visited their families. Of the ferry’s 475 passengers, 9 have been confirmed dead. 179 people have been rescued and 287 are still missing.

Eight dead, 14 hurt in fatal highway accident in S. Philippines

Eight people were killed and over a dozen others were injured when a wayward truck plowed to several vehicles along a national road in this southern Philippine city over the weekend, police said Sunday.

Fmr Egyptian president accused of ordering killing of activists

Morsi is accused of ordering the killing of activists on December 5th 2012. The brief session was televised, but some Egyptians are beginning to lose interest in the drawn out trial.

More Video News

Choose TV Program