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 [...]

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 [...]

German Wines a Particular Favorite Among U.S. Hospitality & Beverage Professionals and Americans Under 40
 
NEW YORK, Sept. 3 /PRNewswire/ — According to a recent survey by Wine Opinions, a research provider to the U.S. wine industry, Americans across multiple demographics frequently purchase and recommend German wines. The wines are particularly popular among wine importers and [...]

NEW DELHI (Reuters Life!) - They’re a nation of beer and whisky drinkers, but wine is fast becoming the tipple of choice for India’s growing ranks of young, affluent professionals who are quaffing down vintages and boosting the local industry.
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Bumper season boosts wine production
New Zealand’s wine industry is looking forward to increased sales, after a bumper season produced a surge in grape production this year.    New Zealand Winegrowers chief Philip Gregan said nature had delivered a bounty in 2008, with 285,000 tonnes of grapes harvested, up 39% on last year.    Gregan said [...]

Chester, PA - May 15, 2008 — Kasey Carpenter is known as “The Wine Mogul,” and he deals in the business of wine. There’s no shortage of wine fans in the U.S. (in fact, that number is growing every day), but few people really dig into the dollars and cents of how vino is produced. [...]

Georgia Governor Sonny Perdue signed legislation Tuesday to allow Sunday beer sales at Gwinnett County’s new baseball stadium and to let Georgians buy wine over the Internet.
Perdue, who has helped kill legislation allowing Sunday package store sales of alcohol, also signed a measure letting limo companies sell alcohol.
Perdue signed the liquor bills, along with dozens [...]

The US wine market soared to an estimated $30bn (£15bn) in 2007, as consumption of premium wine continued to grow despite the faltering economy.
Over 300m nine-litre cases of domestic and imported wine were shipped into the US in 2007, a rise of 4% over 2006, according to the Gomberg-Fredrikson Report. At the same time, the [...]

Consumer demand drives U.S. direct wine sales to record levels as more wineries than ever compete in a crowded market.
Windsor, CA (PRWEB) March 28, 2008 - U.S. consumer direct wine sales reached record levels in 2007, according to the latest research results published today by wine marketing advisors, VinterActive LLC.
Based on their annual VinQuestâ„¢ survey [...]

PARIS, March 27 (Reuters) - Burgundy producers have hiked their prices for the U.S. market by 10 to 20 percent over the past weeks due to the continued decline of the dollar, the president of the Burgundy wine association said on Thursday.
“We have been absorbing the dollar decline for the past few years. The producers [...]