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American Auctions Come of Age

Annual sales now top $65 million a year
Peter D. Meltzer
Issue: November 15, 2001

It's easy to take wine auctions for granted now that they have become so ingrained in the fine-wine distribution system. In the year 2000, wine sales at commercial U.S. auction houses topped $65 million, with half a dozen major firms currently conducting upwards of 40 auctions a year.

For the full article, check out the new issue of Wine Spectator, on newsstands November 15, 2001.

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