US: Napa Valley wine auction tops $8 million
US: Napa Valley wine auction tops $8 million
Jun 3, 2012 6
(SFGate) - Thanks to its own vintners' open wallets, Napa Valley's annual wine auction proved that giving begins at home. But those seeking signs that the world is parched for top-dollar Cabernet weren't finding many under the big tent Saturday.
The auction tally edged just past $8 million. While that topped last year's $7.3 million total, it fell shy of 2010's $8.5 million haul, a tally interpreted at the time as a sign that the wine industry had sloughed off the recession.
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