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.
Merging cement makers Holcim and Lafarge will create an industry giant with $44 billion in annual sales. Just as important to the venture’s future, it will also bring two of Europe’s most ambitious executives under one roof.
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.
A 10 percent price cut on the 2013 vintage from both Chateau Haut-Brion and Chateau Margaux this week followed reductions from rival first-growths Chateau Lafite Rothschild and Chateau Mouton Rothschild as top Bordeaux estates tested market demand.