Spending an afternoon in a Sonoma Valley vineyard sipping from a heavenly $450 bottle of Verite 2007 La Joie is hard to beat. Shelling out a tenth of that for something just as memorable is even better.
Over the weekend in luxurious corners of California’s wine country, the annual Auction Napa Valley raised a record $18.7 million for local charities, including Queen of the Valley Medical Center where co-chairman Kary Duncan was treated for a broken leg earlier this year.
Fernando Zenteno is considering ripping up 15-year-old chardonnay and cabernet sauvignon vineyards in Chile’s central valley as the country plans to raise wine taxes to the highest among wine-producing nations.
Thomas Schmidheiny inherited a cement company from his father that’s poised to become the world’s biggest. Yet what really excites the Swiss billionaire is a wine sideline with sales of about 0.1 percent of the cement revenue.
Twelve bottles from the 2004 vintage of Tuscan estate Ornellaia sold on Liv-ex in London for a record 1,660 pounds ($2,670) this month as investors diversified away from Bordeaux into regions such as northern Italy and the Rhone.