Spring Auctions Show Considerable Bounce
Sales Up 25 percent over 2007 as foreign collectors snatch up large-format bottles
Between March 13 and April 10, approximately $26 million worth of fine and rare wine went on the U.S. auction block—about 25 percent more than last year's total for the same period. While many luxury businesses have seen revenues tumble because of extreme uncertainty in world financial markets, wine auctions have so far continued to buck the trend.
For the full article, check out the new issue of Wine Spectator, on newsstands May 28, 2008.