Tag Archives: Indiana wine

Winebits 609: Winery values, rose, Indiana wine

winery valuesThis week’s wine news: Have winery values, once seemingly exempt from the laws economics, started to decline? Plus, rose as a lifestyle and Indiana’s Oliver winery.

Declining values? Have California winery values, which seemed to be exempt from the laws of economics, started to decline? Silicon Valley Bank’s Rob McMillan thinks so, citing the changing economics around the wine business. “The short answer to the headline question for today is there are still plenty of buyers but overall they are being a little more selective, and your winery and vineyard are probably not worth more than they were last year,” he writes. “Without going into details on a long topic, we are presently oversupplied on grapes and bulk wine from most regions, and the upside to higher sales is for today more limited than the past. …” If McMillan is correct, and he usually is, then the situation is markedly different from almost anything in the past three decades. Napa Valley land prices, for example, didn’t lose value during the recession, even though the rest of the country saw land prices drop by double digits. There’s a lot of math and financial-speak in the post, but the sense is that we’re in a world no one expected to see.

Rose as a way of life: Who knew that rose instilled a wine culture in the U.S.? That’s the gist of this Forbes blog post, which otherwise seems like a plug for rose from the French region of Provence. Which is not surprising, since the Provence rose trade group has one of wine world’s best marketing programs. It’s a also a plug for high-end rose, including one that costs $190 a bottle. Its producer describes it as “gastronomic rose” — no doubt to differentiate it from the $10 plonk the rest of us drink.

Only in Indiana: Regional wine scores another victory with the Mainstream Media in this feature about Indiana’s Oliver Winery, “the largest winery in the Midwest, it’s perhaps the largest winery east of the Mississippi – or, at least one of the largest – and it’s the 44th largest winery in the United States.” The Wine Curmudgeon is always happy to see regional wine in the news, showing once again how far ahead of the curve we were with Drink Local Wine.

Photo: “vineyards” by mal.entropy is licensed under CC BY-NC-SA 2.0 

Mini-reviews 123: Sauvignon blanc, Trader Joe’s merlot, chambourcin, mencia

Trader Joe'sReviews of wines that don’t need their own post, but are worth noting for one reason or another. Look for it on the fourth Friday of each month.

Luis Felipe Edwards Sauvignon Blanc Autoritas 2018 ($8, purchased, 12%): Something very odd going on with this Chilean white — either that, or lots of winemaking to get it to some point I can’t figure out. Not especially Chilean in style, with barely ripe grapes and almost no fruit at all — just some California style grassiness. Imported by Pacific Highway

Trader Joe’s Merlot Grower’s Reserve 2017 ($6, purchased, 13%): This California red, a Trader Joe’s private label, is a bit thin on the back and a little too tart. Plus, the residual sugar shows up after three or four sips. Having said that, it’s easily one of the most drinkable and varietally correct wines I’ve had from TJ — for what that’s worth.

Oliver Winery Creekbend Chambourcin 2016 ($22, sample, 13.4%): Professionally made and varietally correct, this Indiana red shows how far regional wine has come. I wish it showed more terroir and less winemaking — it too much resembles a heavier wine like a cabernet sauvignon and it doesn’t need this much oak.

Virxe de Galir Pagos del Galir 2016 ($17, sample, 13.5%): There are quality grapes in this Spanish red, which is the best thing about it. Otherwise, it’s a very subdued approach to the mencia grape, taking out much of the darkness, earth, and interest. And $17 is problematical.

Photo: “Coburg wine cellar tour” by hewy is licensed under CC BY-NC-ND 2.0