Exclusive news and research on the wine, spirits and beer business

Wine Spectator: Wine Auction Prices Continue to Climb in the First Half of 2019

July 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 Meltzer

Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.

Tagged :

Get your first look at 2018 data and 2019 projections for the wine and spirits industries. Order your 2019 Impact Databank Reports. Click here.

Previous :  Next :