Spectrum Fine Wine Auctions

Powell Yang Joins Spectrum Wine Auctions as Director of Consignments

July 15, 2010; Irvine,CA - Spectrum Wine Auctions, the world’s newest auction house of fine and collectible wine, today announced the appointment of Powell Yang as director of consignments. Yang, who is fluent in Mandarin Chinese, joins Spectrum Wine’s young and dynamic team with the goal of expanding the auction house’s reach into the Asian market, while utilizing his existing relationships to further cultivate Spectrum Wine Auctions’ customer base in the United States.

 

Yang emigrated from his native Taipei, Taiwan, to Anaheim, Calif., when he was 12 years old. Since attending the University of the Pacific in Stockton, Calif., he has held posts as a sales analyst for Anheuser-Busch and for Diageo Chateau & Estate in Napa, and was director of sales and marketing for Neal Family Vineyards. Most recently, he was an account manager for WineBid.com, where he was responsible for building and maintaining relationships with fine wine collectors, helping to manage wine portfolios, build investment cellars, and consult on all aspects of buying, selling and enjoying wine for his clients. Yang was instrumental to WineBid’s growth, and in 2009, he was the top grossing account manager, bringing in a significant portion of the company’s total hammer result. He brings a combined total of 13 years experience in the beer and wine industry to Spectrum Wine Auctions.

 

Spectrum Wine Auctions has combined the expertise, capital and long-term experience of parent company Spectrum Group International, Inc. (SPGZ:PK), a Fortune 500 company, with the cutting-edge technology, hustle and passion of a young and dynamic team to become a major player in the world of fine and rare wine. The auction house launched in summer 2009 and debuted to the international wine market with a stunning $3.5 million sale of fine and rare wines in September. Spectrum Wine’s live auctions are simultaneous sales in Hong Kong and Southern California, featuring live video, 360-degree rotating images of every lot on offer, and buyer and seller benefits that break with tradition in favor of a user-friendly customer experience.

 

Upcoming Auction Calendar

September 24 CA/September 25 HK 2010

December 3 CA/December 4 HK 2010

 

About Spectrum Wine Auctions

Launched in 2009, Spectrum Wine Auctions is the world’s newest live and online auction house of fine collectible wine.

Following in the grand tradition of its sister auction companies, Spectrum Wine Auctions is a subsidiary of Spectrum Group International, Inc. (SPGZ:PK), a consolidated global collectibles network. The company is a leading auctioneer of stamps, coins, arms, armor and militaria, and other memorabilia, targeting both collectors and dealers. Building a strong financial foundation, Spectrum Group International is also a merchant/dealer of certain collectibles and trader of precious metals. The company's collectibles offerings range from the modest to ultra high-end in value and span the globe. Spectrum Wine Auctions is the newest member of the elite Spectrum Group International family. Spectrum Wine Auctions also conducts bi-weekly online auctions through www.spectrumwine.com. The company offers competitive incentives for consignors, including 30-day payouts in full for all lots sold regardless as to whether the firm has collected from each buyer, and the ability to consign both highly-collectible and commonly found wines.

Backed by many decades of auction expertise and driven by a team of dedicated wine specialists and enthusiasts, Spectrum Wine Auctions is committed to offering buyers and sellers alike the most accessible and expansive auction opportunities of what is simply the greatest consumable and collectible product known to man—wine.

 

For more information on Spectrum Wine Auctions, please call at 949.748.4845 or visit www.spectrumwine.com.