Log In / Join Now

Magazine Archives: April 30, 2002

Fourth-Quarter 2001 Auction Index Rises 11 Percent

Classics pace end-of-year gain, leaving Wall Street in the dust
Peter D. Meltzer
Issue: April 30, 2002


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.

Members-Only Content

PREMIUM SUBSCRIPTION

Created with Sketch.

Join today and get immediate access to this article, and to our entire database of more than 345,000 wine ratings. It only takes moments—but it will help you drink better all year long.

START FREE 30-DAY TRIAL

Already a member?     Sign In


WineRatings+ app: Download now for 340,000+ ratings.