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Article: Fine Wine Auction Prices Continue to Climb.
- Article from:
- PRWeb
- Article date:
- May 27, 2009
CopyrightCOPYRIGHT 2009 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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San Francisco, CA, May 27, 2009 (PRWeb.com via COMTEX) -- Vinfolio today released current performance indicators for the global wine auction market updated through April, 2009. Wineprices.com Fine Wine Indexes indicate that prices continue to climb, as all indexes are up year-to-date (YTD). Specifically, each of the three indexes representing the most heavily traded fine wines are posting double-digit increases YTD, despite still being down 25% to 30% from 12 months ago. All signs indicate that this upward trend will continue in the coming months.
"I believe the rush to liquidate fine wine assets to generate cash is behind us," said Stephen Bachmann, CEO, ...
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