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Amid Austerity, A Lush New Temple to Luxury Wines in Shanghai

May 21, 2013

On Saturday, Mr. St. Pierre presided over the opening of a five-story mansion in Shanghai's leafy former French Concession area dedicated to wine connoisseurship. ASC spent 28 million yuan ($4.5 million) on the sumptuous members-only club that was conceived when China's economy was booming.