Appraisal Tips: Counterfeit Wine
One of the juicy topics covered in my Wine Appraisal Course was counterfeit wine. Would you believe that between 5-10% of the sales of wine on the secondary market involve fake wines. There have been several news stories related to this topic in the last few years. This story from CBS in 2013 is one of the best. I also highly recommend the 2016 documentary Sour Grapes.
Appraisal Tips: Christie’s and Sotheby’s Release Six-Month Sales Figures
BY JUDD TULLY | JULY 20, 2015
Appraisal News: Though the art market continues to post huge gains, six-month figures released by Christie’s today show at $4.5 billion a flat line and close to virtual tie for what the market leader firm achieved for the same period in 2014. That jumbo figure includes both auction and private sales, the latter contributing $515 million to the overall tally, substantially down from $828.2 million achieved for the same period in 2014.
By contrast, Sotheby’s realized $3.16 billion for the same period in auction sales alone and virtually pulled in the same amount for the corresponding period in 2014. Sotheby’s, a publicly traded company and the oldest firm registered on the New York Stock Exchange, releases its full first half results in early August.