2019 Wine Market Report

We are pleased to share our 2019 Sotheby’s Wine Market Report, which includes a comprehensive review and analysis of our global auction and retail sales. This report features what we believe are the most interesting developments in our business, illustrating changes in sales categories, insight into where demand is coming from, top producers and other interesting trends.

KEY TAKEAWAYS FROM OUR REPORT:

- Domaine de la Romanée-Conti continued its dominance of the fine wine market, representing 25% of all wine sales by value at $27 million 
- Burgundy and Spirits gained wallet share, reaching new highs at 50% and 13% of sales, respectively
- The average bottle price for Spirits at auction was over 12x the value of the average bottle price for wine
- Asian buyers continue to claim a greater share of our global sales, comprising 66% of sales – the highest share since 2013

HERE ARE HIGHLIGHTS FROM 2019, A RECORD-BREAKING YEAR:

- Auction sales exceeded $118 million – a 20% increase over 2018 and the highest-ever total
- Sotheby's Wine was #1 worldwide in live auction and single-owner auctions
- Launch of Sotheby’s Own Label Collection continues expansion into Fine Wine Retail

New world records at auction for:
- The largest private wine collection, achieved $30 million - Tran-scend-ent Wines
- The most valuable private whisky collection, which was our first dedicated spirits auction, achieved $10 million - The Ultimate Whisky Collection
- The most expensive bottle of wine or spirit, sold for $1.9 million – The Macallan Fine & Rare 1926 60 Year Old

DOWNLOAD OUR 2019 WINE MARKET REPORT HERE

We hope you enjoy our analysis and please do not hesitate to let us know your thoughts and feedback by contacting me at yassmin.dever@sothebys.com.

We look forward to announcing a number of exciting new initiatives which will expand our range of services in 2020.