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.
Do you have a Wine Spectator magazine subscription? Save 50% on your Online Membership right now!
Passionate about wine? WineSpectator.com seeks a highly motivated digital journalist for an assistant editor position in its New York editorial department.
Sips & Tips | Wine & Healthy Living
Video Theater | Collecting & Auctions