Wine Spectator: Wine Auction Prices Continue to Climb in the First Half of 2019July 22, 2019
Riding on the coattails of a highly successful 2018 season, commercial auction houses pulled out all the stops in wine sales in the first half of 2019. On the block were a spate of pristine single-owner collections and rare ex-château offerings (some of which included exclusive on-premise rare wine dinners). Those temptations sent many bids soaring to record levels.
All told, global sales, culled from auctions by top houses held in the U.S., U.K. and Hong Kong, totaled $233.8 million, up 11% from the same period last year. U.S. sales rose 9%, Hong Kong rose 14%, and London rose 10%. Wine Spectator has a full report.—Peter MeltzerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
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