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February 28, 1997 Grand Totals Year-end results for 1996 show that wine auctions are still booming and prices continue to rise By Peter D. Meltzer British and American sales of wine at auction rose a dramatic 54 percent in 1996 to a new high of over $70 million, more than double the revenues achieved in 1994, when wine auctions were first legalized in New York state.
For the full article, check out the new issue of Wine Spectator, on newsstands February 28, 1997.
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