[Wine] Trouble installing Wine

[disrupt]

I am in the process of trying to install wine 1.3.7 from source.
I ran the following commands without issues already:
./configure
make
make depend

However, as soon as I try to run the command 'sudo make install' the following errors appear:

make[1]: execvp: ../../tools/mkinstalldirs: Permission denied
make[1]: *** [/usr/local/lib/wine] Error 127
make[1]: Leaving directory '/home.....'
make: *** [install] Error 2

I'm not sure if it is relevant but I'm doing this on Ubuntu 10.10
Any help is greatly appreciated.