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See below Auctions,

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

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

Auctions are often for a non-profit purpose, the most famous and oldest is the Burgundian one Hospices de Beaune, which has been taking place annually since 1443....

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