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business of wine

#wine still sells on Auction – for R161 000 a case

Hart Davis Hart, a Chicago-based wine auction house, just released it’s half-year financial information. We knew wine buyers had money – what we didn’t know is that their finances apparently are unaffected by bad economic times. This year, since January, HDH has sold 23 MILLION dollars worth of wine – up 45% from that period last year.

 

In their most recent lot, a case of a 1996 La Tache went for $23,900 and nine bottles of 1991 Chambertin went for $17,925. We realize that fine wine is very expensive, and by all accounts HDH is a very very good auction house – nothing whatsoever against them.

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