American Auctions Come of Age
Annual sales now top $65 million a year
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.