The changing face of auctions

Article Abstract:

The expansion of online facilities for wine auctions is discussed. Strategies for potential buyers and a description of typical lots available are presented.

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Boom times for wine auctions

Article Abstract:

The state of New York legalized wine auction in 1994 after which there is a dramatic change in the wines offered, the prices fetched, the auction ambience and the people bidding and this revolution presents a great opportunity to both the buyers and sellers. An important shift in the makeup of wine auctions has resulted in unprecedented supplies of quality wines from all over the world with enormous demand for fine and rare bottling, resulting in the division of the marketplace into two entities.

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2006 wine auctions break $200 million mark: Record increases in sales coax valuable consignments to the block

Article Abstract:

Wine sales exceeded $240 million in 2006, according to major auction houses and Internet auction firms. A record increase in number and size of sales and wealthy collectors willing to pay outrageously high prices resulted in several highly valuable consignments being auctioned.

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