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Fine wine: Sotheby's closes with €121 million

Auction sales up 9 percent over 2022, according to an analysis

Fine wine also holds sway at auctions. This is reported in an analysis by the Pambianco Observatory on the wine sector. The study highlights how for the sector, 2022 was "a wonderful year for fine wine," which proved "once again more stable than traditional assets, especially in times of economic turbulence". Analysts then point out that Sotheby's Wine closed with record sales of $ 121 million (about...

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EFA News - European Food Agency
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