What goes up must come down. It holds true in the stock market and real estate, but are Napa winemakers immune to prevailing market conditions? Stephen Eliot of the Connoisseurs Guide wonders if Napa Wines are too pricey? While W. Blake Gray goes straight to the source and asks wine oracle, Rob McMillan, Executive Vice President of Silicon Valley Bank, his prediction on where Napa wine prices are headed in the future.
I had the good fortune of attending the 12th annual Wine & Spirits top 100 tasting in San Francisco on Tuesday October 20, 2015. I'm not sure why I haven't made time to attend this event in the past, but it's already on my calendar for 2016 and I've already invited some friends. Held at City View Metreon in downtown San Francisco, the event featured fabulous wines with the winemakers at your disposal and top local chefs trying to outdo each other, offering some incredible food. Freshly shucked Hog Island Oysters and 2002 Bollinger Champagne R. D. Extra Brut to start and it got better from there. Certainly one of the most well curated wine tastings I have attended.
French fashion house Chanel has entered the wine business in the U. S. with its purchase of St. Supery Winery in Napa Valley.
Diageo is cutting its holdings in the wine industry and Treasury Wine Estates is looking to bulk up its wine portfolio. Who will end up with Chalone Vineyard?
As always thanks for listening and tell a friend. Cheers!