Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Wine Bidders Let It Flow

April 20, 2010 by Marion Maneker

Jay McInerny reports from some of New York’s wine auctions for the Wall Street Journal. The scene at Acker’s sale held at the restaurant Cru puts one in mind to wonder just what it would be like if art auctions were held in similarly “relaxed” settings:

When I returned, things had gotten really raucous, with some of New York’s biggest collectors in the room, and some very serious bottles opened and consumed. There was a jeroboam of ‘71 Dom Pérignon going around, a ‘66 Leroy Echezeaux and even a ‘61 La Tache.  By the end of the night, there were plenty of bargains — those left in the room were not necessarily paying attention to the auction. It was hard to hear yourself shout, though I think I may have picked up another lot or two. But the biggest buyers of the night, according to head auctioneer and Acker president John Kapon, were two Chinese phone bidders.Continue Reading

Wine Auction Market Returns to Pre-2006 Levels

January 7, 2010 by Marion Maneker

Like the commodity markets and the gem and jewelry markets, it is worth paying some attention to the wine auction market to see if presents a tell for the larger luxury market and the overall inflation trade that seems to hang in the background everywhere. Wine, it almost need not be said, is categorically different from all of those because it is a consumable. Indeed, it is perishable. So let’s not go too far in extrapolating from the wine market. Here is the Wine Spectator‘s year-end roundup:

despite a solid showing in the second half of 2009, the overall size of the global wine-auction market declined 16 percent in 2009. According to figures released by the major commercial auction houses, worldwide sales of fine and rare wines fell from $276 million in 2008 to $233.35 million in 2009, placing the total revenue at pre-2006 levels. Continue Reading

Hong Kong: Asia's Capital

December 3, 2009 by Marion Maneker

Wine’s success in Hong Kong is a function of the drop in taxes from 80% to zero, the Wall Street Journal says. That’s driven sales in Hong Kong to $47m:Continue Reading

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Tony Podesta's Secret Art Buying
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Cave Painting Porn Discovered
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Basquiat's Last Girlfriend
  • Christie's to Sell $12m Yves Klein to Benefit The Water Academy
  • Aboudia, Zemba Luzamba, Dickens Otieno Anchor Contemporary African Art Sale at Artcurial in Marrakesh
  • Royall Collection of Black Contemporary Artists to Sell At Phillips
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor