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California Often a Bellwether for Market

Hammer prices are up, but still fall well below retail
Peter D. Meltzer
Issue: December 15, 2002

Highly publicized and highly inflated bids on California wines at charity auctions make for great news (and equally welcome donations), but they have little bearing on the reality of commercial wine auctions.

For the full article, check out the new issue of Wine Spectator, on newsstands December 15, 2002.

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