🎧Ep 277 – Why Are Some Wines Worth Millions? Inside Sotheby’s Wine Auctions with Nick Pegna

What makes a bottle of wine worth £10,000, £100,000 or even millions? Is it the vineyard, the vintage, the producer, its rarity or the extraordinary story behind it? In this episode of Eat Sleep Wine Repeat, Janina steps inside the fascinating world of fine wine auctions with Nick Pegna, Global Head of Wine & Spirits at Sotheby’s. From multi-million-pound private collections and rare bottles to intense bidding wars, Nick reveals what really happens behind the scenes of the international wine auction market - and what makes a wine truly valuable. Whether you're a wine enthusiast wanting to deepen your wine knowledge, fascinated by the world's most prestigious wine regions, or simply curious about the people willing to pay extraordinary sums for a bottle, this conversation offers a rare insight into the world of fine wine collecting. We explore how provenance, condition, rarity and maturity influence wine prices, why collectors are increasingly seeking mature wines that are ready to drin

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