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U.S. Auction Prices Drop in Second Quarter 2011

Wine Spectator Auction Index is down 3.6 percent, but Hong Kong prices soar
Peter D. Meltzer
Issue: October 15, 2011

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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