SEATTLE, Feb. 7, 2019 /PRNewswire/ -- WineBid, the premier online auction marketplace for fine and rare wines, led the online auction industry in 2018 with record sales of $31 million, based on the most recent statistics reported by Wine Spectator.
Total global sales for wine auctions in 2018 were $479.7 million, according to Wine Spectator. Demand for Burgundy, Bordeaux and California wines remain strong.
"WineBid's record sales reflect the fact that online auctions are winning an increasingly larger share of the global business in fine wine auctions," said Russ Mann, WineBid CEO. "WineBid's weekly auctions are feature-rich for buyers and sellers. Buyers have 24/7 access to a dynamic online auction offering all the world's most collectible wines. Sellers have access to real time auction activity and sales reporting, and their wines are exposed to a global audience of over 100,000 registered bidders. Both buyers and sellers win by participating in online wine auctions."
About WineBid: Established in 1996, WineBid is the largest online auction for fine and rare wines with more than 100,000 registered bidders worldwide. New Winebid LLC is based in Seattle, WA, with operations in Napa, CA. For more information, visit www.winebid.com or contact: Brooke Hilton, email@example.com, (888) 638-8968 x213