Acker Merrall Careers in New York, NY

In 1998, President and CEO, John Kapon, a third-generation wine merchant, branched out his family's retail store operation to conduct independent, live auctions in New York City. Rather than follow in the footsteps of traditional auction houses, Acker Merrall set itself apart from the crowd right away in three important ways. First, it charged 0% sellers commission, attracting many consignors to the world of wine auctions. Then, Kapon used his strong knowledge of retail pricing and demand to give more realistic estimates of the world's finest wines, which was especially important for newer releases and the cult wine explosion that happened in the late 1990's.