Master of Science in Hotel Administration
First Committee Member
Patrick J. Moreo, Chair
Number of Pages
The fine wine marketplace has exploded in recent years, especially within the United States. Driven from super-heated prices this year , American and European wine auctions sponsored by English-language houses realized at least US$333,209,438 in revenues this year, up from last year’s  US$242,803,251 (Goldberg, 2007). It should also be noted that Peter D. Meltzer, from Wine Spectator magazine, stated that “worldwide auctions of fine and rare wines rose 25 percent over 2006 to hit a record $301 million in sales, according to figures just released by the major auction houses” (Meltzer, 2008, P. 128). This charge, especially in the United States, is being led by the two premier auction houses. Acker Merrall and Condit and Zachys both located in New York State have monopolized the auction marketplace within the United States combining for over $100 million in sales which equates to over a 33% stake in world marketplace. Acker is not new in this realm of setting the market standard.
Wine auctions; Wine industry
Food and Beverage Management | Hospitality Administration and Management
Bowden, Michael M., "An Assessment of the world wine auction marketplace" (2008). UNLV Theses, Dissertations, Professional Papers, and Capstones. 432.