Auction Market Continues to Stratify
High-end wines attract attention while lesser-known selections draw silence
The ongoing stratification of the wine auction market was evident at Acker Merrall & Condit's $2.5 million sale in Los Angeles. "Bidders went crazy for fine old Bordeaux and rare Burgundies," said John Kapon, company president and auction director.
For the full article, check out the new issue of Wine Spectator, on newsstands June 30, 2002.