Wine auction
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A wine auction may also
First hand auctions
First hand wine auctions are usually arranged by wine industry organisations, and fill promotional or charitable purposes, or are used to gauge the market. The wines sold at such auctions are usually special lot wines, or back vintages stored by the producers. An example of such auctions is the annual wine auction held by
Second hand auctions
Second hand wine auctions are arranged by many major auction houses, such as
Online wine auctions
Online wine auctions have been held since the 1990s. Online wine auctions generally sell fine wines, or collectible wines, that are consigned by private individuals. In 2018 the total sales for online wine auctions was $74.9 million. In 2018 the total sales for all auctions of collectible wines, including online and traditional auctions, was $479.1 million. Ranked by 2018 sales, the leading online wine auctions are: WineBid, $31 million; Spectrum, $10 million; Acker Merrall & Condit, $9.3 million; Zachy’s, $9.3 million; and Hart Davis Hart, $9.2 million.[2]
See also
References
- ^ "Wine valuation and price guides | Wickmans Wine Auctions". Wickmans Fine Wine Auctions. Retrieved 2015-07-01.
- ^ Meltzer, Peter D. (January 24, 2019). "Global Wine Auctions Exceed $479 Million in 2018". Wine Spectator.