Trademagazin > News and articles > Market News > A crate of 1974 Chinese grain distillate was sold at a London auction at a record price of 1 million pounds
A crate of 1974 Chinese grain distillate was sold at a London auction at a record price of 1 million pounds
For one million British pounds (413 million forints), a crate was sold from a 1974 vintage of the legendary Chinese national drink, the pajcsiu – a grain distillate made mainly of sorghum or rice – at a London auction, which a record in the history of auctions held outside China.

Source: wikipedia.org
The result surprised Sotheby’s, who organized Friday’s auction, who estimated a knockdown price of up to 200,000 pounds to 450,000 pounds, CNN reported on its website.
A Kweichow Moutai-branded version of the famous Chinese grain distillate, sold under the name Sun Flower, was put up for auction at the London auction. The buyer is an unnamed Chinese collector. (MTI)
Related news
Amazon hits back: responds to US tariff hike by canceling Chinese orders
A new chapter in the trade war in e-commerce –…
Read more >(HU) Dr. Matura Tamás: Előfordulhat, hogy az USA ledolgozza magát Kína szintjére
Sorry, this entry is only available in HU.
Read more >SHEIN invests $70m to empower supply chain partners by 2028
It also invested $7.5M in Southern China factory upgrades. SHEIN…
Read more >
More related news >
Related news
Trump tariffs will also affect the pharmaceutical industry
Donald Trump’s new tariff plan aims to curb drug imports…
Read more >This could be the reason for the dramatic decline in red wine consumption
In recent years, there has been a noticeable decline in…
Read more >Cruel market realities, fading loyalty in the beauty industry
Ten years in the railway industry, fifteen in the beauty…
Read more >