June, 16, 2014 Former restaurateur to sell $15M wine trove

(CT) - The former owner of New York restaurant Cru plans to sell a collection of almost 100,000 bottles of wine valued at $15 million, including choice Burgundies and more than 750 cases of Chablis. Wally’s Auctions will handle the sale for Roy Welland, who began collecting wine in the 198...

June, 16, 2014 Burgundy Vineyards Continued Ascent as France’s Priciest

(Bloomberg) - Dreams of a life growing wine grapes in Burgundy are getting more expensive every year. The average cost of buying Burgundy grand cru vineyards, France’s most-expensive wine property, rose 5.3 percent in 2013, the Agriculture Ministry wrote in an online report today. Prices a...

June, 16, 2014 Leading Swiss Wine Producer Arrested

(Wine-Searcher) -  Dominique Giroud of Valais wine firm Giroud Vins is at the center of both tax and computer hacking scandals. One of the largest Swiss wine producers and négociants, Dominique Giroud, has been arrested and could face up to five years in jail. The public prosecut...

June, 11, 2014 Russian River Valley appellation to split into smaller regions

(PD) - Having celebrated 30 years as an official American Viticultural Area (AVA) last year, the Russian River Valley can say that many of its visionaries' dreams have come true. The region is now world-renowned for producing gorgeous pinot noir and chardonnay, among other wines. With time a...

June, 11, 2014 Hailstorms wipe out Bordeaux crops

(TDB) - Large swathes of Bordeaux vines have been destroyed after two nights of hail storms, torrential rain and lightening swept across France. The Médoc appellation was one of the worst affected areas with around 300 hectares of vines completely decimated and up to 1,000 hectares in a f...

June, 11, 2014 Hundreds of US winery owners 'considering sale', say analysts

(Decanter) - Survey results suggest hundreds of winery owners across California, Oregon and Washington are strongly considering selling their properties, say analysts with Silicon Valley Bank. One in ten of the 646 west coast winery owners surveyed by Silicon Valley Bank (SVB) said that they were ...

June, 11, 2014 Gross Margins: Breaking Down the Price of a Bottle of Wine

(Wine-Searcher) - Pull the cork on a $100 bottle of wine and an age-old question emerges along with the aromas: is this bottle worth 10 times as much as a $10 bottle? While that final judgment rests with the person pulling the corks, there are certain costs related to different wines. Unfortunatel...

June, 11, 2014 Codorniu to sell controversy-hit Sonoma estate

(Decanter) - Codorniu-owned Artesa Vineyards is to sell its Sonoma County estate, but the group denied the move is connected to protests by environmental groups over its planned vineyard there. Artesa, which is owned by Spain's Codorniu Raventos family, said the 131-hectare property near Annapolis...