Reflecting both the growing worldwide interest in fine wine and the rebounding global economy, pre-eminent wine merchant Acker Merrall & Condit reports that sales at its March internet wine auction topped $1 million.
This is the firm's second consecutive monthly internet auction to generate $1 million or more in sales.
America's oldest wine merchant, Acker Merrall & Condit also noted that its live and internet auctions have sold a total of $18.3 million year-to-date, positioning the firm for another record year.
The house's previous record in 2010 - also the high for any wine auction house - was $98.5 million on the gross between all of the company's global affiliates.
Said John Kapon, Acker Merrall's President and Auction Director...
"The trend in the wine collecting market was robust in 2010 and is on track for another strong year in 2011. New enthusiasts are taking advantage of the convenience of the internet to build their cellars."
"Our own growth momentum reflects Acker Merrall's standing as the world's premier, trusted source of fine wines, as well as our commitment to offering wine lovers the means to pursue their wine collecting passion," said Mr Kapon.
"The Internet is playing an increasingly vital role in the fine wine market every year."
As we reported, Acker Merrall's next live auction in New York City will take place on March 19, 2011, at Marea, the Company's exclusive New York City wine auction partner and one of New York's premier dining institutions.
The star attraction of the upcoming auction will be an exceptional collection of wines from Domaine de la Romanée-Conti, including many in original wood cases.
Acker Merrall has no less than 13 other live auctions planned for Hong Kong and New York later this year, further demonstrating its commitment to bring extraordinary wines to a discerning global clientele.