New York Legislation Will Wipe Out "Gray Market" For Fine Wine
New York Legislation Will Wipe Out "Gray Market" For Fine Wine
May 31, 2011 6
Proposed legislation in New York State will impose heavy restrictions on the sale of rare, collectable wines. Bill No. A06884, introduced by the New York State Committee on Economic Development, will require restaurants and retail stores to purchase wine from a "primary source" - an authorized distributor who must be clearly identified, thereby eliminating the "gray market" of private wine sales. The stated intent of the bill is to protect against the sale of counterfeit wines.
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