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The largest wine encyclopedia in the world

22.769 Keywords • 48.569 Synonyms • 5.298 Translations • 7.910 Pronunciations • 150.781 Cross-references

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Artcurial

Major auction house headquartered in Paris; see below Auctions,

Auctions Designation for the auction of products or goods of all kinds to the highest bidder. Auctions have always been considered a special kind of Weinhandels common. Already in the antique Rome were special wines like the famous Falernian auctioned. In the Middle Ages it became apparent that the buyers also traveled to the producers to meet their needs locally. Until the 17th century, the wines were auctioned mainly in barrels, until the bottling prevailed in bottles. Especially the Bordeaux wine trade with the main buyer England was leading. In Germany it became customary in the 18th century to auction certain wines.

The center of the worldwide auction of wines and spirits has always been London. The biggest and most important auction houses are today Christie's in London (1759) and Sotheby's in New York (1744). Both were founded in London, the headquarters of Sotheby's is now New York. Smaller houses in England are Bonhams, Bigwood and Straker-Chadwick. A wine trading house specializing in old wines Antique Wine Company (London). In France, the auction house Artcurial, headquartered in Paris, also specializes in old wines. In the US, Sotheby's is one of the major auction houses Butterfield & Butterfield (San Francisco), Chicago Wine Company and Zachys (New York). Over time, not only a market for collectors and enthusiasts, but also for wealthy investors for capital investment has developed.

Often, auctions are for a charitable purpose, the most famous and oldest is the Burgundian one Hospices de Beaune, which has been taking place annually since...

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