Acker cemented its position at the top of the wine auction market by being the first wine auction firm to exceed US$100 million in revenue between all of its affiliates in 2011, and crossed the $1 billion mark in auction revenue in 2018, achieving upwards of 5,000 new world records at auction each year. The image may not be the exact product or vintage available for purchase.
The company conducts live auctions nearly every month out of its Delaware and Hong Kong outposts in addition to weekly internet auctions. Since beginning its fine wine auction business in the US in 1998 and Hong Kong in 2008, Acker now has a presence in over 10 countries with over 130 employees worldwide. In its over 200-year history, Acker Merrall & Condit, now known simply as “Acker,” is a true one-stop shop for expert wine services in every form. What began as a package store in 1820, today stands as the largest global wine auction house, the oldest and most respected wine shop in America, and the world’s destination for fine and rare wine™. "With restaurants and bars closed, holidays out of the question, and generous stimulus packages pumping cash into the economy, people have found themselves with extra money to burn and have been treating themselves to luxuries such as fine wine, which can be readily enjoyed at home," Millar said.THE WORLD’S DESTINATION FOR FINE & RARE WINE™ "Whiskey has become another active collectible over the last five years, like wine, and many investors are seeing the returns and entering the asset class, further propelling the prices of the top rare whiskeys," Kapon said.
Spirits are attracting attention from younger consumers, especially as more people began drinking fine whiskey during COVID-19 pandemic lockdowns. The new Acker Merrall & Condit mobile app offers access to the widest selection. The Upper West Side is now Wine Central with Acker’s new Open Bottle Policy.
Acker wines professional#
According to Kapon, "wine performs exceptionally well during a long-term inflationary period and acts as a great hedge and store of value."īut fine wines are not the only type of alcohol people are increasingly investing in. Download Acker Wines and enjoy it on your iPhone, iPad, and iPod touch. Established in 1820, Acker is the oldest wine shop in America and the worlds largest fine and rare wine auction house. FREE DAILY IN-STORE TASTINGS Orchestrated by our expert and professional staff, experience the finest wines in the world through the eyes and palates of the industry’s most respected wine professionals. Kapon added: "The other part of the economics of wine is that there is a supply and demand imbalance for fine wine." The supply of wines, which is already limited, decreases every year because people drink it, but the number of people interested keeps increasing.ĭue to such a favorable supply-demand imbalance for investors, wine offers a solid asset in inflationary times too. For example, when markets went down in March last year, wine didn't really budge, he said. People are increasingly noticing that wine is a strong-performing asset to stock, and is seven times less volatile than other luxury assets, according to Kapon. At the same time, The Drinks Business reported that the average price of Hermès Birkin handbags dropped by 3%, while the average price of investment-grade wines rose by 13%.īut it is not only Bordeaux wines that are in high demand, Rupert Millar, managing editor for Liv-ex, the global marketplace for fine wine told The Drinks Business: "As for which wines have benefited the most, it spans everything from classic French regions (Bordeaux, Burgundy, Champagne, etc.), to increasingly popular labels from Italy and the US, which are taking ever greater shares of trade by volume and value."
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