Warning signs for the wine auction market

Traditionally the wine auction market took the summer off. Although the season has lengthened recently, summer is usually a fallow period. This year, speculation was rampant – will the market (and the prices) continue their upward spiral? The first fall sales have now been conducted, and if prospects for the wine market remain strong, a few clouds linger on the horizon. Wine auction results in 2021 broke all previous records and set a new benchmark. With sales in major auctions of over £500m, the category saw prices rise ever higher, particularly for keenly-fought categories such as Burgundy and champagne. Sales and prices continued to grow through the first half of 2022, but by the last few sales in May, it seemed the market had begun to slow, with [...] Voir l'article complet sur Decanter

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