Wine
Great Deals in California Wine Are Coming
Slackening demand and a two-year California grape glut means a boon for bargain hunters, even as wineries soften the blow by ripping out vines.
Good news is in rare supply these days, so wine lovers, drink this in: The quality California juice that’s been going into $25-plus name brand wines will start turning up in bottles that cost half the price for the next several years.
That’s the conclusion of several wine reports released in the past six weeks. Rob McMillan, founder of the wine division of Silicon Valley Bank, predicted in his annual State of the Wine Industry Report that wine lovers are about to enjoy the best retail values in 20 years.