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  • Wineries and growers remain optimistic

    September, 17, 2010
    The 19th Wine Industry Financial Symposium on Monday comes at one of the most challenging times for the Napa Valley wine business in decades. The economy has dealt a heavy blow to the valley’s mostly high-end wines, and Mother Nature has added her share of problems as well. This cool year i...

  • Wine vessel sets record for online sale at Christie's

    September, 17, 2010
    (Reuters) - An ancient Chinese wine vessel was sold to an online bidder for $3.3 million at Christie's, smashing the auction house's previous top online sale price.The rectangular vessel, which dates from the 12th-11th century BC, is believed to have been a prized ritual item and is adorned with myt...

  • Americans trade up on wine

    September, 17, 2010
    (MarketWatch) — When it comes to wine, Americans aren’t letting a sluggish economy come between them, their corkscrew and a vintage bottle from their favorite cellar. Not only are they buying more wine, they’re trading up to more expensive bottles. That reverses a trend last year when consu...

  • Hot, Dry Summer in Eastern Vineyards

    September, 17, 2010
    Near ideal conditions are 'rare treat' for US and Canadian winemakers.It’s been a hot and dry summer across much of the East, and where last year’s grapegrowing problems came from too much rain, this summer it has been too much heat. As Mark Chien, Pennsylvania Viticulture Extension Educator, no...

  • Investing in wine provides fruitful returns

    September, 17, 2010
    The Liv-Ex Fine Wine 100 Index has soared by 27 per cent this year as investors flock to the alternative tax-efficient asset class.The index, which represents the 100 most sought-after fine wines, mainly from Bordeaux, is also up a whopping 47 per cent since the end of 2008. With savers getting po...

  • Liquor giant Constellation to shut Yarra Burn winery

    September, 17, 2010
    US-based liquor giant Constellation will shut down its Yarra Burn winery in Victoria's Yarra Valley next month The move is part of an ongoing consolidation of the company's Australian operations. A Constellation spokeswoman said the company would retain Yarra Burn's vineyards, but future harv...

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