Seattle, April 6, 2021 / Wine Spectator // -- When the COVID-19 pandemic took hold of the country a year ago, traditional wine auctions had to move their gavels fully online. The pandemic forced auction houses to develop more creative online strategies.

But what about the auctioneers who were already online? Digitally focused auction houses have also found big opportunities in the past year. The most established player in online-only wine auctions is WineBid a Seattle-based company that was founded 25 years ago and is growing dramatically.

Weekly auctions are at the core of WineBid's business model, offering 52 auctions per year where wines are open for bidding from Sunday to Sunday. In 2018 and 2019, WineBid.com accounted for nearly 40 percent of total Internet wine auction totals, selling $60 million worth of wine...

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