If the Premiere Napa Valley 2012 wine auction is a harbinger of things to come, the recession—at least for the rarest wines from some of Napa's elite wineries—is over.
Certainly the mood at Premiere was upbeat. Held Saturday at the Culinary Institute of America in St. Helena, Premiere raised $3.1 million from the sale of 200 lots of wine futures, an impressive 31 percent increase over last year's event.
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