Home > Magazine Archives > Oct. 15, 2011 Issue > News
U.S. Auction Prices Drop in Second Quarter 2011
Wine Spectator Auction Index is down 3.6 percent, but Hong Kong prices soar
In what has become an enduring trend, Hong Kong wine auctions continued to take in an increasing amount of money; the second quarter of 2011 increased 28 percent over the previous quarter and 80 percent over second quarter 2010. Total second quarter 2011 sales in Hong Kong soared to US$70.2 million, with a hefty average price per lot of US$8,225. Wine Spectator's Peter D. Meltzer reports.
For the full article, check out the new issue of Wine Spectator, on newsstands September 20, 2011.
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