Why Luxury Wines Are Here to Stay | Columns | News & Features | Wine Spectator

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for the Dec. 15, 2009 issue

See Also
A Vineyard’s Last Stand
For the Love of Rare and Old Wines
Too Much of a Good Thing?

Why Luxury Wines Are Here to Stay

Matt Kramer
Issue: December 15, 2009

Some observers say that wines from Argentina, Chile and South Africa-where First World capital and know-how meet affordable land and low labor costs-represent the future. They say that the luxury market (never mind the product) isn't returning soon. Some gloomsayers declare it fatally wounded, while others predict a slow, faltering recovery.

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