January, 29, 2014 Wine Sales Drop for Second Year as Bordeaux Demand Wanes

(Bloomberg) - Wine sales by leading world auction houses declined for the second straight year as muted collector appetite for recent Bordeaux vintages and a clampdown by China on gift-giving sent prices lower. Sales by Acker Merrall & Condit Co., Christie’s International, Sotheby’...

January, 29, 2014 Mendocino Winegrowers Weigh Drought Options

(Wines&Vines) - With its major reservoir water level at a crusty 37% of normal capacity, and most flow from that reservoir diverted to neighboring Sonoma County and the Russian River, Mendocino County Supervisors adopted a resolution declaring “a local emergency and imminent threat of dis...

January, 29, 2014 Should Robert Parker Have Listened to Disraeli?

(Wine-Searcher) - Is the leading wine critic's latest fusillade a storm in a wine glass or a taste of things to come? "Never explain, never complain," said the 19th-century British prime minister Benjamin Disraeli. His words hold true today. Publish an article or wine review and there are readers ...

January, 28, 2014 US: Convention brings wine industry to Sacramento

(KCRA) —Thousands of people from the wine industry are in Sacramento for the 19th annual Wine and Grape Symposium. The event is a significant money maker for Sacramento, as 14,000 people are expected to be in the city for the three day event. And nearly every hotel in downtown Sacramento i...

January, 28, 2014 Number of Wineries Grows to 8,391 in North America

(Wines&Vines) - New data from Wines & Vines magazine confirm solid growth in the North American wine industry during 2013. The number of wineries grew to 8,391, a gain of 4.3%. U.S. wineries showed two other signs of health as their combined production increased 6.3% and the winery average ...

January, 28, 2014 Lower Bordeaux prices hit Christie's wine auction results in 2013

(Decanter) - Collectors' thirst for Burgundy in 2013 was not enough to prevent lower prices for Bordeaux causing a drop in Christie’s wine auction sales for the year. Christie’s said total wine auction sales reached £48m (US$75.5m) in 2013, which is down by nearly 16% on 2012 in ...

January, 28, 2014 GLOBAL: China takes lead in red wine consumption

(Just-Drinks) - China is now the world’s biggest consumer of red wine after a 136% jump in drinking levels in the last five years, according to latest figures. Consumption  of red wine in mainland China and Hong Kong reached 1.865bn bottles, or 155m nine-litre cases, in 2013, according...

January, 28, 2014 Japan: Govt plans to scrap wine tariffs

(TJN) - The government plans to gradually scrap tariffs on wine from EU nations over the next decade, according to sources close to talks between Japan and the European Union. Japan imposes a tariff of either 15 percent on the price or ¥125 per liter on imported wine. The government’s p...