Wine Auctions Stay Strong
In the last year or so it seems every season brings new record sales at wine auctions, and the end is not in sight. Auction sales rose to $223.8 million in the first half of 2019. If you buy fine wine with the purpose of investment, this bodes well for the appreciation of your bottles. Unique offerings from the likes of Zachy’s, Sotheby’s and Acker led the charge, selling lots of rare Burgundy, and a 1968 Chateau Lafite Rothschild that came complete with a dinner at the chateau. Predictions for fall sales in New York, London and Hong Kong include a slight rise in Bordeaux and more spirits than previously offered.
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