Napa Valley Parties On -- Never Mind the Market

Despite soft economy, annual charity wine auction rakes in $7.6 million, its second-highest total ever
Daniel Sogg
Issue: August 31, 2001

Investors might be taking their lumps on Wall Street, but eager wine buyers didn't flinch at the high prices commanded at the 2001 Napa Valley Wine Auction, held June 7 to 10. Bidders spent $7.6 million -- the second-largest total in the 21 years of the charity auction -- on hard-to-obtain prestige labels and luxury dining and travel packages.

For the full article, check out the new issue of Wine Spectator, on newsstands August 31, 2001.

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