Prices Continue to Rise at Midwinter Auctions

No signs of recession in collectible wine sales
Peter D. Meltzer
Issue: May 31, 2008

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.

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