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Commercial Market Flashes Signs of Vulnerability

Record sales coexist with passed-up lots, raising questions of market's strength
Peter D. Meltzer
Issue: March 31, 2003

December wine sales sent out mixed signals. While Aulden Cellars-Sotheby's and Zachys enjoyed record percent sold rates (95 percent and 96 percent, respectively), anywhere from 30 percent to 40 percent of the lots on offer at NYWinesChristie's, Sotheby's and Christie's London failed to find buyers -- a sign that cracks may be appearing in a formerly robust marketplace for wines.

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

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