It confirmed that wine prices are about what the market will bear, yet say little about the quality in the bottle.
The economy was booming, so wine prices skyrocketed, some quadrupling in price.
Ask any of the steakhouses' beverage directors about their wine prices, however, and they're quick to say that they don't gouge, it's their competitors that do.
During that time, all these sites are engaged in full-scale battle to develop market share for when the economic recovery comes, the surplus dries up and wine prices start rising again.
He says that both a rise in domestic quality across the Western Cape and growth in fine-wine prices mean that in the next decade an iconic wine will emerge from South Africa.
Quirky a notion as a restaurant with reasonable wine prices might be, it's only appropriate, then, that we also gave the value-wine-picking assignment to irreverent, north-of-the-border wine writer Natalie Maclean, author of Red, White and Drunk All Over and editor of the free newsletter Nat Decants.
French vintners have increased wholesale prices for new wine 50% and more over the past three years.
Thus, paying high prices for fine wine can be justified by new consumers as in their minds it is something that gives pleasure and does them good.
Of course this is all true, but there are also swaths of producers who aren't realizing staggering prices and whose wine will also give years of pleasure.
But note that the Wine Spectator index of auction prices on 150 of the most popularly traded wines of quality vintages is up 16% over last year.
So, generally speaking, wine clubs can offer better bottle prices.
However, other wine growers around the world produce their own variants -- often available at cheaper prices -- which have placed the Champagne region's wine houses under increasing pressure in recent years.
When they were free to cut prices with abandon, away went the wine and complimentary pillows.
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Wine critic William Munnelly is starting to see Bordeaux prices in the secondary market sink by as much as 10%.
He also says Morton's is trying to create more values as the economy sags, in part by negotiating prices on large allotments of a particular wine, then selling it by the glass.
As if that wasn't enough, prices also softened on uncertainty over what the wine critic and Bordeaux champion Robert M.
While she expects that impressionist, modern and contemporary art will continue to fetch high prices, Corroon reports that the demand for wine, watches, decorative art, prints and photography is also zealous.
Meanwhile, wine buffs can make their own discriminations while enjoying the relatively low prices.
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Everything that we want and love in red wine is there, and it happens so easily and at such fair prices.
The report compares prices of 160 goods and services, from cars to bread to wine, across 131 cities.
The strength of these currencies should be showing up in prices of European-made goods in America: dearer cars, wine and cheese.
It's as if most wine stores these days are like developers who built homes on spec and now refuse to lower prices even in the face of weak demand.
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For the next 10 years she came up against big names in Kenya's wine industry, but in 2007, taxes imposed on alcohol manufacturing made it difficult to keep prices low.
For much of the world's wealthy elite, classic cars are the most popular collectible asset with prices surging 395% over 10 years, beating other alternative investments such as fine wine and art.
Even more exciting, however, was how often he'd taste a great wine only to discover that it's made in massive volumes--which means wallet-friendly prices.
Even with these complexities, consumers have already started to notice that the prices of some European goods have fallen, with local newspapers reporting price declines for cheese, wine and other consumables.
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