It's a Good Time to Be a Wine Lover
Wines from all over the world are better than any time in history, and the increased competition is keeping prices in check
Posted: Dec 29, 2011 3:30pm ET
Most of you already know this, but it bears repeating. The big story in wine is the one in your glass. We're drinking the greatest wines ever made, and they will only get better.
New and better wines keep coming from everywhere and anywhere. Because of that competition in the market, prices for many wines are not only stable, but also coming down. Maybe not for the most sought-after wines, those with a special cachet. Demand for those wines is so frenzied as to support prices at the highest levels.
No, the action is more in the middle ground, where wines with little or no pedigree size up favorably with the elite.
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