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Global Auction Market Tops $300 Million

Total 2007 U.S. auction house and Internet sales up 23 percent, to $210 million
Peter D. Meltzer
Issue: March 31, 2008

Despite volatile financial markets, a major credit crunch and declining consumer confidence in the second half of 2007, worldwide auctions of fine and rare wines hit a record $301 million in sales—a 25 percent increase over 2006—according to figures released by the major auction houses.

For the full article, check out the new issue of Wine Spectator, on newsstands February 21, 2008.

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