That oversupply, in turn, was caused by the confluence of several factors, says Mr Fredrikson.

ECONOMIST: Why a cult $2 plonk has America's wine industry in a spin

"It appeals to young professionals especially, " says Jon A. Fredrikson of Gomberg-Fredrikson, a wine market consultancy.

FORBES: Magazine Article

Smart move: "To get much bigger, you really need more permanency, " says Jon Fredrikson of Gomberg, Fredrikson.

FORBES: Wine Workout

Kristian Fredrikson's costumes put Ms Blanchett in ravishing, long turn-of-the-century gowns that make the most of her endless yards of torso, spidery arms and almost inhuman swan neck.

ECONOMIST: Captivating as Hedda Gabler