Third Quarter Auction Index Holds Its Own
Fine-wine sales remain relatively strong despite uncertain economy
Despite the tragedy that occurred at the end of the third quarter of 2001, the Wine Spectator auction index fell only 3 points to 168, a drop of less than 2 percent. At six major auctions held in the aftermath of the terrorist attacks, classic clarets and rarities remained in particularly strong demand, although prices for everyday drinking wines and recent releases were much softer.
For the full article, check out the new issue of Wine Spectator, on newsstands December 31, 2001.