California Takes on the World

During the roaring 1990s, the Golden State challenged Bordeaux as the global leader in wine prices, but does it have staying power?
Kim Marcus
Issue: December 15, 2002

Is California's bubble about to burst? That's the question being posed with increasing frequency by leading vintners, retailers and restaurateurs across the United States. It comes after a decade of price hikes that have made California's top red wines some of the most expensive in the world.

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