Wine Spectator: 2016 Wine Auctions Hint At Strong Times To ComeJanuary 19, 2017
At first glance, the global wine-auction market’s 2% decrease in sales during the past 12 months, from $345.9 million in 2015 to $338.7 million in 2016, appears disappointing. But those numbers obscure the details. For a handful of auction houses—including Sotheby’s, Zachys and others—2016 was a stellar year. What’s more, several auctioneers and auction executives were excited by customers’ renewed interest in Bordeaux—and not just in top-tier châteaus. Wine Spectator has a full report.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.