A Case of Voodoo Economics
Posted: Jun 9, 2009 5:31am ET
If you want to appreciate how drastically the wine market has shifted in recent months, consider this scenario, which is based on a true story. (The name of the winery and wine have been withheld). Winery X sells more than a hundred cases of its new vintage of Chardonnay for $65 and the wine earns one of the highest marks of the vintage.
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