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Sotheby's Breaks Wine and Spirits Auctions Record
11 days ago - By Elite Traveler
Sotheby's Auction House saw a record-breaking year in its fine wine and spirits sales in 2021, driven by high sales of Burgundy and spirits, growth in single-owner auctions, and expanding reach to new and younger buyers.
The past two years have seen heightened demand from wealthy buyers looking to invest in iconic wine and spirits. In fact, fine wine topped Knight Frank's Luxury Investment Index in 2021 , following a year of already strong growth in 2020.
To meet this demand, Sotheby's hosted 53 wine and spirits auctions in 2021, 30% more than in 2020. This included new auctions in France...
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