Daily Wine News: 2018′s Burgundy Boom

Posted by | Posted in Wine News | Posted on 02-12-2019

Photo courtesy of Sotheby's

Photo courtesy of Sotheby’s

“For fine wine, the story of 2018 can be summed up in one word: Burgundy,” says Abby Schultz, who writes about Sotheby’s Wine increase in wine and spirits sales in Penta. “Much of this was driven by several extraordinary Burgundy sales in October, including a 1945 bottle of Domaine de la Romanée-Conti, or DRC, for US$558,000 and another DRC 1945 for US$496,000.”

In Bloomberg, Elin McCoy shares a list of overrate wines, plus a list of wines that offer great value. “I’ve found that popular, large commercial brands are usually a rip-off. You’re paying for the millions of dollars going to advertising instead of into the wine in the bottle. (I’m looking at you, Santa Margherita pinot grigio and Meiomi pinot noir.) You can find better and more exciting examples for the same price or less.”

Once an obscure wine, Picpoul de Pinet is rocketing up the charts. Elizabeth Gabay MW charts its rise in Meininger’s.

Using data from the American Association of Wine Economists, VinePair charts America’s top imported wines over the last 30 years.

Bill Foley, the owner of Foley Family Wines and the Las Vegas Golden Knights hockey team, has purchased Mt. Difficulty Winery in New Zealand, known for its pinot noir and riesling, for $35 million, reports Wine Spectator.

In the Sacramento Bee, Mike Dunne reports on the recent Unified Wine & Grape Symposium, which has become Sacramento’s largest annual convention.

On Tim Atkin’s site, Matt Walls explores “the hidden red of the Southern Rhone.”

On Sprudge Wine, Rafael Tonon pens a natural wine guide to São Paulo.

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