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the auction market according to…

Well, according to Sotheby’s:

Here are our highlights from 2018, a record breaking year:

– Annual wine and spirits sales exceed $100 million for first time

– Sotheby’s has achieved over $1.1 billion in wine auction sales worldwide since 1995

– Auction sales surged over 50%

– #1 worldwide in live Auction sales, and #1 overall in Asia

– World’s most expensive bottle of wine sold at $558,000

– Highest price for any spirit in the Americas at $843,200

– Burgundy represented 42% of sales

– Asian buyers represented 63% of sales

– #1 Wine producer is Domaine de la Romanée-Conti at $24 million / 21% of sales

– Retail has highest level of sales ever, in both Asia and New York

– Highest value single retail transaction at US$1.5 Million

It’s probably good that I’m enjoying some Beaujolais this week, if DRC is now 24 million a bottle (give it time!)….

2 responses to “the auction market according to…”

  1. Mark in Pernand

    ‘Number of fakes identified from bottles submitted for auction ?
    ‘Number of fakes identified pulled from sales’ ?
    ‘Number of identified sakes sold regardless – and sold in which markets ?’

  2. Fred E

    I’m thinking of selling my house to buy a bottle of wine.

Agree? Disagree? Anything you'd like to add?

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