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Average price for '97s falls 20 percent

Peter D. Meltzer
Issue: October 31, 2001

Auction prices for California cult wines have hit a mild plateau. After a 10 percent drop in the first quarter of 2001, the category—which includes such sought-after, limited-production labels as Araujo, Bryant Family, Colgin, Harlan Estate and Screaming Eagle—fell another 4 percent in value in the second quarter, according to the Wine Spectator cult-wine index.

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

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