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Article: Fine Wine Prices Up 10% to 17%, Influenced by Asian Wine Buying.
- Article from:
- PRWeb
- Article date:
- June 24, 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, Jun 24, 2009 (PRWeb.com via COMTEX) -- Vinfolio today released current performance indicators for the global wine auction market updated through May 2009. Wineprices.com Fine Wine Indexes show an increase in May alone of between 10% to 17% for the most actively traded fine wines, compared to the Dow Jones average which was up 4.1% in May. While most indexes are still down 10% to 24% from 12 months ago, all signs indicate that the upward trend which began in January/February of this year will continue, especially with the influence that Asian buyers are having on the market.
"I believe May's increases reflect the impact of higher auction prices ...
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