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  • Wine: After years of waiting, IRS approves tax advantage for AVAs

    October, 18, 2010
    Winemakers have been arguing for many years that there’s special value in wines made from grapes grown in Napa Valley, Russian River Valley and other prized winegrowing regions to justify bottle prices. Wineries could reap a big harvest of tangible income tax savings by amortizing that intangib...

  • Hong Kong Rises to The Top of Fine-Wine Auction Business

    October, 18, 2010
    It’s fitting that Sotheby’s held a fine-wine auction in Hong Kong on the holiday weekend in October that marks the founding of the People’s Republic of China.Having raised HK$107 million (US$13.7 million) with a two-day, two-part sale, the auction house has reason to celebrate the rise of dema...

  • Tainted rice wine kills 12 in Cambodia: police

    October, 18, 2010
    (AFP) – At least 12 Cambodians have died after drinking rice wine out of a bottle previously used for weed killer, police said on Monday. The incident happened during a religious ceremony in the country's eastern province of Kampong Cham on Saturday, provincial police chief Nuon Samin said. ...

  • AUS: Margaret River holds on to its vines

    October, 17, 2010
    The Margaret River Wine Industry Association says local wineries have managed to avoid mass grape removals, as seen in other states. Although a recent survey revealed almost 7000 hectares of vines had been removed in the last year in response to the grape glut, figures from the Australian Bureau of ...

  • Starbucks remakes its future with an eye on beer and wine

    October, 17, 2010
    SEATTLE — The Starbucks of the future arrived today. If Starbucks (SBUX) executives have it figured out right, this could be the prototype for the next generation of stores for one of the world's most influential brands. A very different kind of Starbucks is on tap. It will serve regional wine and...

  • Fine French wine to fetch £2m at auction

    October, 16, 2010
    Some of the best Bordeaux ever produced among the 291 lots on offer at sale organised by Farr Vintners.A four-day auction of one of the finest private collections of wines ever seen in the United Kingdom begins tomorrow, with total bids expected to exceed £2m.Some of the best Bordeaux ever produced...

  • Invasive moth numbers dwindle in California vineyards

    October, 16, 2010
    California agricultural officials say they have beaten back an invasive species that was threatening the state's wine industry.Traps are now turning up only a handful of European grapevine moths.State Department of Food and Agriculture spokesman Steve Lyle tells the San Francisco Chronicle that earl...

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