China and the Lafite craze

Chateau Lafite Rothschild 2008 recorded an overnight 20% price jump to US$16,000 a case at an auction in Hong Kong by Sotheby’s last week. And HK$1.815 million (over US$232,000) was paid for each of three bottles of Lafite 1869.
At the current prices, all the Lafites of the world might be traveling to China soon, directly or via Hong Kong.
Fongyee Walker, a wine consultant in Beijing, said: "The rich Chinese are obsessed with the thought of drinking the world’s best wine which they believe is Chateau Lafite. They believe Lafite adds another dimension to Luis Vuitton, luxury yachts and Lamborghinis."
Indian Wine Academy reports that in China there are any number of fake Lafites or look-alikes available at any wine shop. They even carry catalogues with different fake labels.