Left coast wine bidness - Printable Version +- WineBoard (https://www.wines.com/wineboard) +-- Forum: RESOURCES AND OTHER STUFF (https://www.wines.com/wineboard/forum-300.html) +--- Forum: Wine Biz/Investment (https://www.wines.com/wineboard/forum-8.html) +--- Thread: Left coast wine bidness (/thread-3158.html) |
- hotwine - 03-08-2010 Interesting article in bloomberg.com this morning about the wine business in Napa: •Vineyard Defaults Surge as Lost California Land Values Undermine Napa Wine". Must confess to a touch of Schadenfreud at that. The writer says that consumers are trading down, going for lower-priced juice from other areas, leaving highly-leveraged Napa growers in the lurch; nothing is said about the impact on the European trade, but it may well be that some of them are also mortgaged to the hilt. I don't buy high-end Napa juice, so I don't really care. But I'm seeing a leveling-off in the recent trend of price escalation for European wines, and I'm grateful for that. - TheEngineer - 03-10-2010 I agree with you on the european price on the east coast of late. I get daily offers on emails that look extremely inviting. Unfortunately I live now in London where things have also lightened up (50 GBP for a bottle of my fav white, B du Martry Corton Charmagne) - wondersofwine - 03-10-2010 Mike, So the move to London is long term? I thought you were just there temporarily. - TheEngineer - 03-11-2010 No, its still short term,..... [img]http://www.wines.com/ubb/smile.gif[/img] I'm hoping that it will relax a bit soon and I'll be able to get home. |