| California Cabernet
Due to a glut of wine in the market at the $50 price point when the financial outlook for the nation was turning in a negative direction, some wineries lowered their prices to move inventory and to sell the new vintage.
Our economy is growing again but the climate has affected the wine business, grapes are an agricultural crop after all, we are seeing low inventories – which drive the prices up.
Savvy wine buyers are grabbing deals when they see them, knowing that there will be higher prices on northern California luxury brands at that $50 and up retail price point from the 2010 and 2011 vintages.
2012 is a bumper crop, with near perfect growing conditions, but we won’t see those bargains for another two years.