Changing of the Guard
Performance of California classics at auction lags newcomers
The California classics of the 1970s and '80s are losing ground to the cult wines of the 1990s and other new limited-production labels, according to the Wine Spectator Auction Index. While the weak dollar and a string of less-than-stellar vintages have no doubt influenced the performance of California classics at auction, changing tastes and a desire for younger wines appear to be the driving force behind this shift in popularity.
For the full article, check out the new issue of Wine Spectator, on newsstands June 15, 2005.