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.
For the full article, check out the new issue of Wine Spectator, on newsstands November 24, 2009.
Do you have a Wine Spectator magazine subscription? Save 50% on your Online Membership right now!
Sips & Tips | Wine & Healthy Living
Video Theater | Collecting & Auctions