2010: A Good Year?

Predictions on what the upcoming year has in store for us in the world of wine
Jan 4, 2010

I woke up at 3 a.m. this morning, and I started thinking about 2010. I think it is going to be a good year, despite some of the doom and gloom others have been predicting. It could not be much worse than 2009. And I think another asset bubble-burst is imminent in the United States, but it's not going to be the end of the world. We will see.

But I kept thinking about what sort of wine predictions I could make for 2010. I thought I could come up with at least 10. So I started thinking. Then I thought that I was perhaps being too ambitious. So I cut it down to five, and let you fill out the rest of the list in the comments. Here are my wine predictions for 2010:

No. 1: The 2009 Bordeaux, which will be reviewed by the wine world in March and April, will be of great quality and sell for record prices around the world, even if the American market's share decreases.

No. 2: Expensive California wines—those priced at more than $100 a bottle—will continue to lose their market share and prices will have to be readjusted to match demand.

No. 3: Tuscany will be embroiled in another wine witch hunt with the magistrate of Siena along the lines of a similar debacle in Montalcino over the past two years.

No. 4: High-end restaurants will further reduce their wine inventories due to the decline in business and the need for more streamlined wine lists.

No. 5: Champagne will be one of the best buys in fine wine as prices continue to decline due to overproduction and reduced global demand.

These aren't earth-shattering predictions, but I think that they will be proven true by year's end. What predictions in the wine world do you have for 2010?

Economy Holidays / Celebrations New Year

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