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Thursday August 28, 2008 - Wine Icon

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California Cult Wine Prices Are Going Crazy!


For those of you who have had the good fortune to get on the mailing lists of the "cult" wineries from California years ago you may be shaking your head in agreement as you read this note about wine prices. Those readers who have just started collecting top California wines may not have the same perspective due to current market prices in recent years.

This time of year some of the best boutique wineries are sending out to their mailing list customers wine allocations notices and pricing for the upcoming vintage. The list of top California wineries has been growing due to improved financial backing, better winemaking technology and sustainable agriculture practices; all of this is fueled by a very hot wine market. From my personal tastings, California's top "red" winemakers and ones you should get on their waiting list include: Harlan, Abreu, Colgin Cellars, Bryant Family, Dalla Valle, Shafer Hillside, Screaming Eagle, Sine Qua Non, Hundred Acre and Pride Mountain.

Consumers who have been on these winery mailing lists from the beginning have seen a steady rise in wine prices. For some wineries the price increases are staggering. The 2004 Screaming Eagle came out at $500 per bottle. Their first release in 1992 was selling for $50 per bottle. The 2004 Harlan came out at $350 per bottle. Their first release in 1990 came out at $75 per bottle.

The free market system tells us that "goods" sell at prices that the current market will bear. Today many cult wineries are having no problem selling their wines because of the small quantities they produce. But at what point do long time patrons of these wineries have to stop buying because they are either priced out of the market or find more compelling wines at lower prices?

Top California wines are approaching the bottle prices of the First Growth Bordeaux wines. I think this will be a critical intersection to watch since the French have established 100+ years of bottle aging data whereas the California newcomers have at best at 10-15 year track record.

I wonder if we are approaching some critical mass where the wine buying public starts to seriously look and purchase wines from other upcoming areas that reflect pricing of California wines from 10-15 years ago.

It is clear to me that one of the reasons Americans have fell in love with Australian wines in the past 5 years is that the quality to price ratio is often 1/3 that of similar California wines. Will the same hold true for wine from Chile, Argentina and Spain? Only time will tell.

One of the wine world's best stories in 2006 is the 95 points Robert Parker awarded to a $19.95 wine from Australia. The Mollydooker "Boxer" Shiraz has one of the highest price to points ratio in the history of Mr. Parker's notes. The wine made by veteran winemakers Sarah and Sparky Marquis defies gravity with a screw cap enclosure and a rip-off wine label "tab" that allows wine lovers to keep the name of the wine close to their hearts. So much for the snooty tissue paper wrapped bottles from the Napa Valley!

I would say that since this wine sold out in a matter of days post his review, American's appetites for $150+ California Cabernet's may be waning. In closing, one of the best wines produced in California is the Phelps Insignia which sells for around $130 per bottle. This is widely available at wine retailers and every vintage is a great value. Some of the best vintages can compare to the top cult wines at 1/3 the price. I'm still amazed why this wine does not sell off the retail shelves in the first few weeks of sale! I commend the Joseph Phelps winery for keeping this great wine priced for all to enjoy. I wish more wines of this caliber and aging potential were priced this reasonably! I just recently tasted the 1994 Insignia and it was superb!!!! This wine has a well establish aging profile so give it a try.



Another short Wine Icon review

California Cult Wine Prices Are Going Crazy!


For those of you who have had the good fortune to get on the mailing lists of the "cult" wineries from California years ago you may be shaking your he...


Click Here to Read More About Wine ...

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12:21 AM

The matter on Oak Barrels written here has been written in such a way that it facilitates easy memorization. This memorized matter can later be used.

A Featured Oak Barrels Article

I Love Italian Wine and Food - The Fruili-Venezia Giuli Region



If you are looking for fine Italian wine and food, consider the Friuli-Venezia Giuli region of northern Italy. You may find a bargain, and I hope that you'll have fun on this fact-filled wine education tour.


Friuli-Venezia Giuli is a mountainous area tucked away in the northeast corner Italy, bordering on Austria and Slovenia. Experts believe that Friuli-Venezia Giuli was first inhabited twenty thousand years ago. Like most regions of Italy, it has belonged to many nations over the years. Unlike most regions of Italy, it remains multicultural, an exceptional mixture of Italian, Austrian, and Slavic influences. To make this article easier to read, we will replace the region's full name by its first part, Friuli. The total population is less than 1.2 million.


While Friuli is home to a wide variety of agricultural products, most farmers don't get rich. The farms tend to be small and much of the land is unfertile, suitable only for grazing and grapes. Unfortunately the Adriatic sea is in poor condition and fishing is on the decline. However, a wide variety of seafood is available. Friuli's best-known food is San Daniele prosciutto, an uncooked ham aged in sea salt for over a year. Gourmets debate whether this ham or its cousin prosciutto di Parma from the Emilia-Romagna region in northwestern Italy is the best ham in the world.


Friuli's administrative center is Trieste, which only became part of Italy in 1954. This city was once the principle port of the Austro-Hungarian Empire. Like Vienna, Austria, Trieste is filled with caf?s. It is also home to the famous International Center for Theoretical Physics.


Friuli devotes about one hundred fifty thousand acres to grapevines, it ranks 14th among the 20 Italian regions. Its total annual wine production is about 27 million gallons, giving it a 13th place. Approximately 48% of its wine production is red or ros? (only a little ros?), leaving 52% for white. The region produces 9 DOC wines. DOC stands for Denominazione di Origine Controllata, which may be translated as Denomination of Controlled Origin, presumably a high-quality wine and 1 DOCG white dessert wine, Ramandolo. The G in DOCG stands for Garantita, but there is in fact no guarantee that such wines are truly superior. Over 60% of Friuli wine carries the DOC or DOCG designation. Friuli is home to almost four dozen major and secondary grape varieties, about half white and half red.


Widely grown international white grape varieties include Pinot Grigio, often called Pinot Gris outside of Italy, Pinot Bianco, often called Pinot Blanc outside of Italy, Chardonnay, and Sauvignon Blanc. The best known strictly Italian white varieties are Tocai Friulano and Verduzzo Fruilano, exemplified in the DOCG wine, Ramandolo.


Widely grown international red grape varieties include Merlot, grown in Fruili for well over one hundred years, Cabernet Franc, and Cabernet Sauvignon. The best-known strictly Italian red variety is Refosco. Fruili's candidate for grape variety with the most unusual name is Tazzelenghe, which means tongue cutter in the local dialect. While I have never tasted any wines based on this grape, I can guess that they won't be delicate.


Before we reviewing the Friuli wine and cheese that we were lucky enough to purchase at a local wine store and a local Italian food store, here are a few suggestions of what to eat with indigenous wines when touring this beautiful region.
Start with Cjalzons con Ripieno di Cioccolata e Spinaci, Chocolate and Spinach Filled Pasta with Smoked Ricotta.
Then try Capesante alla Triestina, Broiled Scallops and Oysters with Watercress. And for dessert, indulge yourself with Strucolo di Ricotta, Ricotta Strudel. If you are like me, you think of Austria or Hungary, when you hear the word Strudel.


OUR WINE REVIEW POLICY While we have communicated with well over a thousand Italian wine producers and merchants to help prepare these articles, our policy is clear. All wines that we taste and review are purchased at the full retail price.


Wine Reviewed
Pighin Pinot Grigio 2005 Grave del Fruili 12.5% alcohol about $13.50


I'll start by quoting the marketing materials. "Toast, white flowers and mineral on the involved nose, this light-bodied white is all about zing, verve, and refreshing citrus flavors. Some notes of pit fruit, but mainly built to match up to seafood. Try with friends and grilled scampi drizzled with lemon juice."


I first tasted this wine with sesame seed covered filo dough stuffed with hamburger meat and accompanied by zucchini in a tomato sauce. It was pleasantly acidic and fruity providing lemon and other citrus flavors. I liked it with a chocolate cake labeled strudel which intensified the wine's acidity. I don't think that any Friuli residents would have called that cake strudel, but this review is about the wine, and not the cake.


My next food pairing was with whole-wheat pasta in a spicy meat sauce. The wine stepped up to the plate and handled the spice very well. It was nice and round. I finished this meal with out of season strawberries, in whose presence the wine became almost sweet.


With filet of sole poached in onions, a side of brown rice, and okra in a tomato sauce, the wine became more acidic and rounder. It was quite refreshing. It was a sweet, acidic companion to fresh pomegranates. It took on a nice acidity with pecan and caramel chocolate candy.


Montasio is a cooked, full-fat, semi-hard cheese made from cow's milk and aged for several months. It has a pungent smell and a strong, pasty taste. The Pinot Grigio was not outmatched by this powerful cheese. Strictly speaking, Asiago cheese does not come from the Friuli region, but its neighbors Trentino-Alto Adige and Veneto. Once again, the wine changed its character to match this softer cheese.


This wasn't a great wine, but it did go well with everything. I would most likely buy it again.



Levi Reiss has authored or co-authored ten books on computers and the Internet, but to be honest, he would rather just drink fine Italian or other wine, accompanied by the right foods. He teaches classes in computers at an Ontario French-language community college. His wine website is www.theworldwidewine.com .




About the Author


Levi Reiss has authored or co-authored ten books on computers and the Internet, but to be honest, he would rather just drink fine Italian or other wine, accompanied by the right foods. He teaches classes in computers at an Ontario French-language community college. His wine website is www.theworldwidewine.com .

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Fruit Baskets

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