Log In / Join Now

Magazine Archives: Mar. 31, 2011

Auction Index Hits Record High

Hong Kong surpasses United States as world’s largest wine auction market
Peter D. Meltzer
Issue: March 31, 2011


Erasing two years of decline and then some, the global wine auction market has rebounded in a big way. In the second half of 2010, the Wine Spectator Auction Index rose to 338.73, the highest point since its inception in 1995. The 8.12 percent increase over first-half levels reflects both a rise in investor confidence (the Dow Jones gained 19 percent during the same period) and the escalating presence of Asian buyers pursuing cellar-worthy wine. Wine Spectator auction correspondent Peter D. Meltzer reports.


For the full article, check out the new issue of Wine Spectator, on newsstands March 1, 2011.


WineRatings+ app: Download now for 340,000+ ratings.