NEW YORK (Reuters Life!) – Floodwaters from the global credit crisis have seeped onto the top deck of the wine business.
Domaine Romanee Conti (DRC) 1990, which commanded more than $20,000 a bottle just a little more than year ago, sold on Saturday for $6,500 - a 67.5 percent drop in price.
Auction house Hart Davis Hart [...]
Wine cellars have been taking a hit from the global credit crisis and it isn’t because the owners of rare bottles are drinking more – it’s because they have been selling to raise cash.
The selling started with mortgage brokers and has moved to Wall Street as owners turn their collections of coveted vintages into liquid [...]
AMERICAN CANYON – Three wine logistics companies serving hundreds of wineries in the North Coast and Pacific Northwest have found badly needed room to expand in the tight southern Napa Valley wine warehousing market with a newly completed 411,000-square-foot facility.
All three currently occupy spaces in the cluster of expansive warehouses and distribution centers along Green [...]
The Liquor Barn chain yesterday reversed itself and announced that it will resume buying products from state winemakers who advocate allowing wine sales at grocery stores.
Roger Leasor, president of Liquor Barn, which has three stores each in Louisville and Lexington, had said Tuesday that he would no longer buy from wineries that supported the grocers’ [...]
Washington, September 25 : The sales of Palin Syrah, a 100 percent organic wine from Chile, have dramatically plummeted in a San Francisco wine bar ever since Republican presidential hopeful John McCain named Sarah Palin to be his running mate.
Celine Guillou, a co-owner of the Yield Wine Bar, says that the wine used to be [...]
The French wine sector has sent an open letter to the government, demanding it do more to protect the industry against the threat of the anti-alcohol lobby.
The letter describes how, ‘contrary to promises by the president, the government is ignoring the legal injustice to the wine sector’. A copy has been sent from each of [...]
NAPA, Calif. - Sultry weather can be hard on any traveler, and for wine it can be disastrous.
A high-tech shipping label now being used by some in the industry aims to warn customers if there’s a chance they’re getting cooked cabernet.
About the size of a sugar packet, the labels can be programmed for a range [...]
SAN FRANCISCO (Reuters) - Amazon.com (AMZN.O), the largest global online retailer, plans to start selling U.S.-produced wine on its website within the United States by early October, wine industry insiders said on Wednesday.
Napa Valley Vintners, a nonprofit group representing 315 vintners in the famous California wine-producing region, has already begun to set up workshops for [...]
More and more wines are being proven fraudulent, robbing collectors of hundreds to thousands of dollars. Chemists have decided to step in and create a potential early warning system.
With all the talk of wine fraud these days, it is no wonder that many scientists have been applying themselves to the task of inventing a device [...]
Between classic business savvy, an avid interest in the wine world, and the development of Kindle… Amazon may be poised to make a big move.
It isn’t exactly breaking news that Amazon is contemplating this move. They have tried this before. You may or may not recall their failed bid at the online wine market back [...]
PHILADELPHIA — Wine enthusiasts are fighting the latest attempt to limit the direct shipment of wine to Pennsylvania consumers.
A pending bill would require wineries to ship consumer purchases to the state Liquor Control Board, which would then send the wine to the consumer for a fee.
Supporters believe direct wine shipments could deprive the state of [...]
Northwest Missouri – Midwest grapegrowers are almost certain to experience the threat of herbicide drift at some time during their growing season. Herbicides are used to control weeds, and some are selective for specific weeds. Grapes are especially sensitive to several herbicides common to agronomic crops, pasture, rangeland, forestry and non-crop areas.
Herbicide drift occurs when [...]
A leading US climate change researcher says the US wine industry is ‘doing nothing’ to study the problem.
Further research and adaptation is crucial for continued success in wine growing areas, Professor Greg Jones of Southern Oregon University said – but the US is ‘in denial’.
‘It is absolutely clear that viticultural climates of tomorrow will not [...]
The Australian Wine and Brandy Corporation says merging many functions with the Winemakers Federation could help South Australia’s wine industry.
Acting chief executive of the Corporation, Jock Osborne, says the industry will decide on the merger proposal by the end of the year.
Mr Osborne says it could improve the marketing of SA wine regions.
“Certainly I think [...]