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May 15, 1998 Fourth Quarter 1997 Auction Index Dips 5 Percent Prices level off for top-tier Bordeaux, but rise for hot California collectibles Peter D. Meltzer The Wine Spectator Auction Index for the fourth quarter of 1997 fell 5 percent over the previous three-month period, the first decline since the inception of the auction database in 1994.
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