Prices Continue to Rise at Midwinter Auctions
No signs of recession in collectible wine sales
The global economy continued to struggle in January and February as financial markets plunged and economists agreed that a recession seems certain, yet wine auctions remained largely unaffected. Some showed small signs of weakness, selling fewer lots than usual, but most enjoyed sold-through rates in the healthy 90 percent range.
For the full article, check out the new issue of Wine Spectator, on newsstands April 23, 2008.