The Sotheby’s Annual Wine and Spirits Market Report for 2022

Sotheby's Wine and Spirits Team | May 26, 2023

Download our Wine and Spirits Market Report for 2022! This annual publication contains a comprehensive review and analysis of our global wine and spirits business covering our endeavors with charity auctions, the top producers, buyer demographics, and other insights.

KEY TAKEAWAYS FROM OUR REPORT:

• Auction sales hit a record $158 million, a 20% increase year over year

• Leading Single Owner auctions, with 33 auctions generating nearly $100 million, accounting for 63% of total sales

• Digital transformation leads to the introduction of a new leaderboard bidding platform and online-only auctions closing in 30-second intervals, resulting in a 39% growth of number of lots sold

• Philanthropy endeavors was at the heart of 28% of all wine and spirits sales total

• New Buyers nearly doubled in comparison to the previous year, with 35% of them being under 40 years old

• 162nd Hospices de Beaune realized $32 million, the highest ever total for a charity wine auction and new record for Sotheby’s wine auctions

• Burgundy has seen the strongest momentum in the last decade representing 50% of sales

• Spirits breaks new records, with over $30 million achieved, a 40% increase to the previous year

• The Macallan remains the leader in the spirits market, totaling 25% of all sales in the category

DOWNLOAD OUR 2022 MARKET REPORT HERE 

We hope you enjoy this report and thank you for your interest in Sotheby’s Wine and Spirits. Please do not hesitate to inquire further regarding market advice and insights, whether you are interested in buying or selling.