Posted on 11/25/2012 4:33:38 AM PST by Renfield
BEAUNE, FRANCE — Is it time for Burgundy lovers to panic? Are the prices of these most exquisite and expressive wines about to spiral into the stratosphere, propelled by a burgeoning generation of Burgundy fans from China? In short, is Burgundy about to go the way of Bordeaux?
Those fears were weighing on many people’s minds last weekend — at least, those who spend euros, dollars, pounds or yen, rather than renminbi — at the biggest annual wine party in Burgundy, three days of not-always-fine dining and drinking that surround the Hospices de Beaune charity auction.
At the auction, the latest vintage of wine from the Hospices, a hospital and former almshouse that is also one of the most prominent vineyard owners in Burgundy, is sold. The sale serves as an early indicator of interest in a vintage, as well as broader gauge of the state of the Burgundy wine economy......
(Excerpt) Read more at nytimes.com ...
No they aren’t. The red Burgundies use the Pinot Noir grape.
And six years ago the headlines were:
“French Vinters Awash in too much wine”
http://www.msnbc.msn.com/id/13751660/ns/business-cnbc_tv/t/french-vintners-awash-too-much-wine/
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