Wine Industry News

September, 18, 2010 Wine industry beating back harmful moth

Napa Valley winegrape growers are discovering they can cope with the European grapevine moth. While the industry’s ultimate goal is to eradicate the pest within the next few years, major progress is being made in reducing the insect population in vineyards. Organic and non-organic spray trea...

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September, 18, 2010 Lafite, Ausone Bid Up at $6.2 Million Christie's Wine Auction in Hong Kong

Christie’s International sold HK$48.13 million ($6.2 million) of wine at a two-day auction in Hong Kong as Asian buyers bid up prices for Chateau Lafite- Rothschild and Chateau Ausone. The sale of almost 400 cases, including top Bordeaux such as Lafite-Rothschild, Latour, Mouton-Rothschild, Mar...

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September, 17, 2010 Wineries and growers remain optimistic

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...

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September, 17, 2010 Wine vessel sets record for online sale at Christie's

(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...

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September, 17, 2010 Americans trade up on wine

(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...

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September, 17, 2010 Hot, Dry Summer in Eastern Vineyards

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...

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September, 17, 2010 Concha y Toro and Manchester United Seal a Global Partnership at Old Trafford

/PRNewswire/ -- Sir Alex Ferguson, first team manager of Manchester United, and Richard Arnold, Commercial Director, together with the chairman of Concha y Toro, Alfonso Larrain and the global marketing manager Giancarlo Bianchetti, officially signed the partnership between Manchester United and Con...

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September, 17, 2010 Investing in wine provides fruitful returns

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...

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