New York's Finest Wine Sales

This year marks the 10th anniversary of wine auctions in New York. Only in 1994 did the State Legislature legalize wine auctions. In less than a decade, New York has surpassed London as the seat of the wine world. About $65 million is auctioned each year in New York - a significant chunk of the $100 million worldwide total. Whereas London auctions cater to wine merchants, in New York private collectors dominate buying. And while Sotheby's and Christie's rule the roost in London, in the past...