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.

To continue reading this page, become a WineSpectator.com member today!

Do you have a Wine Spectator magazine subscription? Save 50% on your Online Membership right now!


Already a member?

  |  Forgot Password?

By clicking "Log In" you agree to the Terms and Conditions of WineSpectator.com

MEMBER LOGIN

= members only

Keep me logged in      Forgot Password?

Free Email Newsletters

Sips & Tips | Wine & Healthy Living
Video Theater | Collecting & Auctions

» View samples
» Or sign up now!
» Manage my newsletter preferences

Classifieds

The marketplace for all your wine needs, including:

Wine Storage | Wine Clubs
Dining & Travel | Wine Auctions
Wine Shops | Wine Accessories