New York Wine Auctions Set Records
Published January 8th, 2007
Wine auctions are fast becoming big business; they’re starting to look like the art market,'’ Zachys auction adviser David Wainwright said in November at the Scarsdale, New York, retailer’s first-ever evening sale.
In the second half of 2006, the U.S. wine auction market set records as prices spiraled upward. U.S. sales topped $167 million, while New York auctions rose 66 percent from 2005.
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