Why small is beautiful...

“For the really top things there’s no shortage of buyers, but the middle ground is weaker,” affirmed Stephen Mould of Sotheby’s wine department. “If you’ve got large parcels that depend on the trade, then bidders are more cautious. But if you’ve got small quantities of the finest things there are plenty of private buyers prepared to pay good money.”

This broad pattern of demand was clearly in evidence at the wine sales Sotheby’s and Christie’s held…

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