Daily Wines News: A $5.3 Billion Winery

Posted by | Posted in Wine News | Posted on 06-27-2011

Chateau Lafite Rothschild. Uploaded to Flickr by BillBl.

Last week, we learned that Terroirist is an official finalist in the “Best New Wine Blog” category for the annual Wine Blog Awards. The final winner will be determined via a 50/50 weighting of the public vote and that of the judges — and voting ends today!

If put on the market, could Chateau Lafite Rothschild command $5.3 billion? The analysts at Liv-ex think so – and believe about 50 Bordeaux estates are worth more than $71 million. (H/T: Dr. Vino.)

When people like Mike Steinberger argue “that California used to do better,” they’re talking about wines from the 50s, 60s, 70s, and 80s. A few weeks ago, Steinberger attended a tasting of “some legendary Napa cabernets from the 1970s.” His write-up of the event is great.

In the Los Angeles Times, Patrick Comiskey explains why “this time of year, a bubbly rosé is the go-to drink for picnic or poolside.”

On his blog, Tom Wark looks at the incredible growth of Petite Sirah over the past 15 years – and tries to figure out what’s behind the success story.

Last week, according to the Allied Grape Growers, Constellation Wines offered a record $250 per ton for Thompson Seedless grapes, the most widely planted variety of vinifera grapes in the United States. If you’ve never seen “Thompson Seedless” on a wine label, that’s because the grapes are typically used to make raisins. I suppose this means they’re also blended into large-production white wines. (H/T: W. Blake Gray.)

Again, please remember to vote in the 2011 Wine Blog Awards!

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