A wine auction is an event where bottles of wine are sold to the highest bidder. These auctions can take place in person or online, allowing wine enthusiasts and collectors to acquire rare and valuable wines. Participants often include private collectors, restaurants, and wine retailers looking to enhance their selections. At a wine auction, each bottle is typically accompanied by a detailed description, including its vintage, producer, and condition. Auctions may feature wines from renowned regions like Bordeaux or Napa Valley, and can include both established brands and lesser-known labels. Bidders compete for their desired lots, making the experience exciting and dynamic.