Spurred by the strong performance of vintage classics, the Wine Spectator auction index rose 11 percent to 187 in the fourth quarter of 2001. Overall, in a volatile year that saw the Dow Jones fall 7 percent and the Nasdaq drop 21 percent, the auction index gained a total of 16 percent—somewhat to the surprise of some collectors who theorized that high-end discretionary purchases would falter in uncertain financial markets.
For the full article, check out the new issue of Wine Spectator, on newsstands April 30, 2002.
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