Wally’s Puts Auctions On Hold While It Looks For A Partner, Reports Wine SpectatorApril 5, 2016
Wally’s Wine Auctions, the young auction division of Los Angeles retailer Wally’s Wine & Spirits, has suspended sales for the time being while it discusses partnering with a major international auction house, Wine Spectator has learned. The company postponed a New York auction scheduled for March but plans to resume sales this fall.
“Wally’s is going to be partnering with an international auction house,” said Wally’s Wine & Spirits president Christian Navarro. “We’re doing this to expand our brand globally.”
Although Navarro would not name the auction house in question, there are only a few international houses with experience in wine: the two leading names are Christie’s and Sotheby’s. The wine departments for both houses did not respond to requests for comment. Wine Spectator has more on this story.
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