The madmen of Napa and Sonoma

Article Abstract:

California winemakers do not seem to understand that there is a huge market for good, reasonably priced wines. Instead, they seem to be trying to concentrate on creating world-class wines at high prices. In these economic times, they are making a mistake and should try to emulate Australian vintners.

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Expensive red flags in a bull market

Article Abstract:

Bordeaux wine prices are currently very high, and consumers and collectors will probably be shocked in a few years to see prices come down. The manner in which wine has been auctioned by Christie's is discussed, along with a history of the market since the 1960s.

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Price and quality fall out of line

Article Abstract:

A veteran wine writer notices how wine prices have risen dramatically over the past 20 years, but the increases are out of line with quality. A 1994 South African Stellenzicht is an example of a good, inexpensive wine that ended up being marked up greatly.

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