Wine Spectator: Wine And Spirits Auction Market Reaches $521 Million In 2019February 7, 2020
In 2019, worldwide wine auction totals (including sales conducted in the U.S., U.K., Geneva, and Hong Kong, plus online sales) rose to $521 million, up a solid 9% from $479 million in 2018. That’s bullish, but not quite as dramatic as 2018’s 26% surge. The last quarter of 2019 more than matched the impressive performances in the first half and third quarter of the year. Burgundy continued to boom, while Bordeaux remained a solid draw. But the biggest surge came from the small but growing market for rare spirits. Wine Spectator has the full story.—Peter MeltzerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.