from BLOOMBERG NEWS:
December 1, 2013 — I sipped and spat my way across three continents this year, tracking the latest wine and spirits trends and hunting for standouts among the predictable and the pretentious.
My 10 most memorable wines, in no particular order, range from a Rhone classic to a reborn California label to a bargain white from a grape few have ever heard of.
All signal what’s hot in today’s wine world — and where it’s going in 2014….
October 8, 2013 — Wally’s Auctions will next month add its name to New York’s crowded autumn auction scene by selling a selection of lavish wines valued at around US$3m.
To up the glamour factor, Wally’s inaugural auction on 13 November will take place at the Whitney Museum of American Art, where bidders will dine in the downstairs café restaurant on food prepared by a ‘world class chef’, as yet unnamed.
The $3m worth of fine bottles on offer includes hot sellers from Burgundy and Champagne, such as the rare 1982 Dom Perignon Oenotheque and six bottles of 1993 Henri Jayer Cros Parantoux. In July, a six-bottle lot of the same Jayer wine sold at a Sotheby’s London sale for more than $57,000.
Other top items among the 600 lots are a collection of 2010 Grands Crus reds from Domaine de la Romanee-Conti in original wooden cases, estimated at $85,000 to $130,000.
Double magnums of Chateau Lafite-Rothschild from the ‘60s and ‘70s, as well as California classics like 1974 Heitz Martha’s Vineyard, are among the other high-ticket items lurking in the catalogue, which will go live on 21 October, according to Wally’s Auctions president and chief executive officer, Michael Jessen…
from BLOOMBERG MARKETS:
June, 2013 – Filmmaker Francis Ford Coppola has spent almost 40 years following a wine dream—to restore the once-famous 19th-century Inglenook estate in the Napa Valley to greatness. The iconic, almost 1,700-acre property, which was founded in 1879 by wealthy Finnish fur trader Gustave Niebaum, was broken up in the 1960s. The long story of how Coppola, 74, acquired and reunited its several parts has all the twists and turns of a good movie script. He’s been producing wine on what had been part of the Inglenook estate since 1977 but was able to purchase the trademark only two years ago. And last fall, he finally released his first wines with the name on the label.
As we settle onto a plush couch in the living room of the Victorian mansion Niebaum built on the Inglenook estate, the white-bearded Coppola launches into the complicated tale. Through the windows, we can see the sun shining on acres of cabernet sauvignon vines. “I put it all down to good fortune, to luck, that these pieces came around when I could afford them,” Coppola says. “When I bought the first piece, in 1975, we were riding the financial success of The Godfather….”
from ZESTER DAILY:
1.6.14 – After splurging on plenty of great (and expensive) wines during the holidays, I’m ready to retrench. At $15, this bright, juicy 2011 Lohsa Morellino di Scansano is the right kind of deal, a medium-bodied red packed with generous flavors of cherry, raspberry, earth and spice, and intriguing aromas of dark cherries and violets. It’s yet another example of the fine values to be found in Italy’s less well-known wine regions.
This red comes from the Maremma, a hilly coastal strip in western Tuscany on the Tyrrhenian Sea, where the local name for the Sangiovese grape is Morellino. Wine was produced there back in Etruscan times, but it wasn’t until Bolgheri, the northern part of the Maremma, gained prominence as the home of Super Tuscan wines like Sassicaia that anyone looked farther south and discovered Morellino….
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