The global Wine auction market for the better
American "Wine observers (Wine Spectator)" magazine recently reported, according to the world's major auction data, in 2014 the global Wine auction market finally stopped the decline for two consecutive years, a slight reversal, the total turnover increased by 4.5%, to $352000000.
In this regard, USA maximum Wine auction house HHT (Hart Davis Hart) President Paul Hart is cautiously optimistic: “ in 2014, the market appeared a smaller increase.
In this year's wine auction market, there are two characteristics of concern, one is America market showed strong growth momentum, and China Hongkong market continued to show a downward trend; the two is the French Burgundy position continues to rise, the market share of more than Bordeaux.
“ Burgundy continued touted by the market. ” Losangeles Wally auction (Wally’ s) CEO Michael Jessen said, “ due to the investor for the rapid warming of the great Wine Burgundy, Burgundy, prices also rose sharply, to become the biggest highlight of the market this year.
American market strong rise of
In 2014, the total America Wine auction market increased by 26%, from $126000000 in 2013 increased to $159000000. Collector Roy Welland principal Wally auction auction a vintage fetched $11000000, for the contribution to the growth of a large part of the. Due to the demand for Asian buyers decreased, total sales in Hongkong market fell about 7%, to $104000000.
The transaction price, the auction market USA Wine single transaction price increased from $2689 in 2013 to 201 this article source for Chinese wine for 4 years and Hongkong is $2877, from $6301 in 2013 to $5935 in 2014. However, American and Hongkong market auction rate were 96% and 94%, compared with the previous year roughly flat, that Wine collection market demand remains strong in two continents.
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