By Jessica Yadegaran
Tuesday, November 25th, 2008 at 10:56 am in Uncategorized.
So how is this disastrous economy impacting wine? Well, according to recent numbers, we’re still buying the stuff, but not surprisingly, we want less cru-class Bordeauxs and more offbeat value-priced varietals.
Specifically, according to Tim Fish’s piece in this month’s Wine Spectator, sales of cremant Champagne are up 70 percent and Costco is experiencing double digit increases in the $8.99 to $13.99 range and a moderate increase in the $15 to $20 range (my favorite price point). I imagine whites from South America (like Torrontes) and Spain (Albarino) are flying off shelves, too.