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The Wine Lover's Guide to Auctions
From America to Zanzibar, the popularity of wine has skyrocketed in recent years. While millions of people have come to appreciate wine's taste, a growing number of collectors also recognize it as a sound investment. For these savvy individuals, as well as top chefs and wine aficionados, the wine auction has become an important place to find superior wines. Now, renowned wine auctioneer Ursula Hermacinski has written The Wine Lover's Guide to Auctions to explain how wine auctions really work so that you, too, can become a successful player. The guide begins by exploring the history of wine auctions. It then provides information on wine basics and details the auction process--for buyers and sellers. Rounding out the book are helpful hints for starting or expanding your wine collection, choosing the best auction house for your needs, and organizing your own wine tasting.
Wine Lists
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Absentee Bidders and the Declining Price Anomaly in Wine Auctions
The anomaly is concerned with the observation that in multiple-item auctions of identical objects, prices tend to decline over time. I show that in the case of wine auctions, which have been analyzed frequently, the anomaly is likely to be caused by the fact that most bids are entered by absentees, who use nonoptimal bidding strategies. Therefore, wine auctions can hardly be used to illustrate the standard multiple-object auction model.
Vintage Wine
The half-century of Michael Broadbent's wine trade experience has seen unprecedented change throughout the wine world. Few people have done more to influence that change and none can claim a better-informed perspective on it. Published to coincide with Michael Broadbent's 75th birthday and a celebration of 50 years in the wine trade, VINTAGE WINE will concentrate on the wines which are now in universal, high-level demand, those that are being collected, consumed and traded by vast and increasing numbers in all corners of the globe. More selective than his earlier works, this book features personal reflection as well as specific opinion. Years of cellars visited and pillaged for sale at Christie's, involving the checking and packing of dust and grime laden bottles in distinctly dank and chilly conditions, plus the jet-set auctions around the world, the legendary tastings and the society events have yielded an unrivalled store of vinous anecdote and amusement as well as an unsurpassed winetasting record.
Keys to the Cellar
"Peter D. Meltzer, Wine Spectator's auction correspondent for morethan twenty years, is the foremost authority on wine collecting. His book offers expert guidance for beginners and connoisseurs alike." --Marvin R. Shanken, Editor and Publisher, Wine Spectator "Peter Meltzer is an authoritative journalist, savvy collector,and urbane restaurant and wine list critic; he makes theideal companion and counselor for wine collectors." --Michael Batterberry, Editor in Chief and Publisher, Food Arts "Keys to the Cellar is fascinating, informative, and easy to read; with this book, you will truly understand the ins and outsof buying wines for your personal cellar." --Kevin Zraly, educator and author of...
