2002 Commercial Auctions Total $90 Million

Peter D. Meltzer
Issue: March 31, 2003

Despite the uncertain economic climate, sales of fine and rare wine at auction remained relatively stable in 2002. According to year-end figures released by the major commercial auction houses, worldwide volume totaled $90 million -- a 1 percent drop from 2001, compared with a 17 percent downturn in the Dow Jones.

For the full article, check out the new issue of Wine Spectator, on newsstands March 31, 2003.

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