Sold! Wine Auction Action

Sold! Wine Auction Action

by Westgarth Wines February 06, 2019

Wine auction sales spiked in 2018, climbing to over 479 million dollars worldwide. Investors looking to buy premium wine online are not shying from auctions either. Online sales rose to 74.9 million for a 30% rise from 2017. Devotion to Burgundy may have a lot to do with the spike, edging out Bordeaux for the first time at some houses. Domaine Romanée-Conti and Château Mouton-Rothschild were amongst some of Sotheby’s most astonishing sales although it was a rare bottle of Macallan, a Scotch whisky, which took top honors going for more than 1.5 million. Concern for provenance is another factor driving consumers to auctions, meaning they may be buying not as an investment, but to consume. Good news for all of us—wine was made for drinking!

Related Link: Global Wine Auctions Exceed $479 Million in 2018





Also in News

Stéphanie de Boüard-Rivoal's vision of Château Angélus
Stéphanie de Boüard-Rivoal's vision of Château Angélus

by Westgarth Wines May 23, 2022

Overseer of the greatest wines yet to come

Continue Reading

Wine Futures: En Primeur 2021
Wine Futures: En Primeur 2021

by Westgarth Wines May 05, 2022

How the 2021 vintage is faring so far

Continue Reading

Intense Wines
Intense Wines

by Westgarth Wines April 21, 2022

Our sommelier's picks for April

Continue Reading