State of the North American Auction Market
by Tom Wark
Mar 2001 Issue of Wine Business Monthly
For over three decades, commercial wine auctions were primarily the staid and arcane concern of the London auction establishment. But, that all changed when North America's commercial wine auction sales increased by over 500 percent in five short years between 1994 and 1999. Driven by high levels of disposable income, a sustained bull market, burgeoning on-line wine auctions, and the legalization of wine auctions in New York, the American wine auction boom now reflects a growing "collectors' con...
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