The recent Premiere Napa Valley auction showed a healthy interest in the production of certain California wineries, with the sale fetching $3.04 million, close to last year’s record $3.1 million.
London, UK (PRWEB) March 04, 2013
Investor portal iNVEZZ today published a new article focused on the recently concluded Premiere Napa Valley auction, one of the most important events in California’s wine calendar. The auction, which brought in a total of $3.04 million, points to a healthy wine investment interest in some Californian wines and adds to Christie’s and Sotheby’s February auction results to indicate a wider recovery in the fine wines market.
In the news item, the investors’ portal notes that the recent Premiere Napa Valley auction showed a healthy interest in the production of certain California wineries, with the sale fetching $3.04 million, close to last year’s record $3.1 million. iNVEZZ identifies some of the top performers and comments on the 2011 vintage which accounted for 80 percent of the lots featured in the auction.
iNVEZZ then reports that the Napa Valley sale was not the only successful February wine auction. The investor’s portal looks at the February sales of Sotheby’s in New York, which also indicated strong wine investment interest in 2013. iNVEZZ records that Sotheby’s auction saw several lots sell out completely, with certain wines selling comfortably above their upper estimates. Among the top performers at the auction were rare wines offered direct from the cellars of Ornellaia, Dom Perignon and Yquem, which helped bring the auction proceeds to $1,463,201.
The news article also covers Christie’s February sale in London, where some of the top performers sold above their high estimates. iNVEZZ reports that the auction, which fetched £960,569 with fees, surpassed last year’s sale by 10.1 percent.
The new iNVEZZ wine investment article can be found in the portal’s news section, which presents investors with timely updates on current happenings in the investment world. In addition to news, iNVEZZ also features in-depth analysis on topical investment issues, providing insights into a range of investment products and markets.
To learn more about iNVEZZ, join, contribute your own professional or amateur expertise on the investment areas of your interest or engage with other investors or experts, please visit http://www.iNVEZZ.com.