Online Auction Sales up 30% with WineBid as Online Leader

Wine Spectator, Jan. 24, 2019 -- While 2018 was a volatile year for Wall Street, it was a winning year for wine auctions. Bidders paid record prices for a host of rarities ranging from Domaine de la Romanée-Conti Romanée-Conti 1945 to Sassicaia 1985 to The Macallan 60-year-old Whisky 1926. Sales in the U.S. climbed nearly 20 percent over 2017 to $222 million. The combined London and Geneva markets rose 12 percent to $46.4 million. Hong Kong and Shanghai soared 40 percent to $137.2 million. Online totals rose a hefty 30 percent to $74.9 million, signaling the increased popularity of digital bidding. WineBid led the online auction category with 2018 sales of $31 million, a record. Read the whole post here