Yesterday on the blog we showed that fine wine prices are correlated with wealth creation in China. An interesting postscript to our analysis is Deutsche Bank Asia Research's study on Macau. It suggests that 90 per cent of VIP gamblers in the region are rich mainland Chinese men. As a result, there is a close correlation between Macau gaming revenue and fine wine.

Deutsche Bank Asia Research has kindly allowed us to reproduce their findings below. 

Macau gaming revenue yoy vs. Liv-ex Fine Wine 100