
Boutique wineries – those that make $100 per bottle cabs, for example – are seeing sharper drops of up to 40%. How much are they suffering? Auction Napa Valley, the industry's annual event, raised $5.7 million last month, down from $10.4 million last year.
While winemakers are feeling the heat, consumers are benefiting from lower prices on top bottles. If you've got money to splurge, now is the time to stock up on pricey domestic cabs and meritages.
The full report is here.
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