Winebits 106: Wine prices, wine auction, counterfeit wines

· $100 era ending? Decanter, which is easily the best of the Wine Magazines, is noting that "The era of the $100-plus bottle may be over. ..." Its conclusion is based on a report from a key U.S. wine analyst, Silicon Valley Bank. This is a fascinating report, and I'm going to write more about it later. It's enough for now to know that the report says there have been fundamental changes in the U.S. wine market, and that most Winestream Media articles about the report looked for the good news and buried the bad.

· Pricey French wine: Need to pick up some holiday gifts? A wine auction in London this week has a six-bottle case of the 1989 vintage of Bordeaux cult favorite Petrus for about $17,000. Obviously, it's not a vintage of the century. Or how about a red Burgundy, the 1947 La Tache, for about $5,000?

· Counterfeit wines: If you can do it for handbags, why not wine? Counterfeiters use methods such as photocopied labels or an authentic bottle with fake wine inside. Some of these wines have even turned up in fine wine auctions and restaurant wine lists.

wine prices, wine auctions, expensive wine, wine counterfeiting

Comments

[Hampers]

Just gone through your blog Wine prices, wine auction, counterfeit wines and found it to be awesome. Enjoyed it very much.

[Jeff Siegel]

Thanks for the kind words. ... Hang around. There is more good stuff coming.