Bull Market for Wine
New bidders and worldwide demand for top wines have energized auctions. Can the boom times survive economic uncertainty?
When the gavel came down on lot 150 at an Aulden Cellars-Sotheby's auction on Nov. 18, 2006, an audible gasp rose from the audience, followed by a burst of applause. An absentee bidder had paid a record-breaking $1.
For the full article, check out the new issue of Wine Spectator, on newsstands November 1, 2007.