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Chicken Little was Right! 2009 Wine Prices are Falling

Sonoma Coast Wine Scenery

Thus...Just Read This Analysis - Takes 10 Minutes

You will Save on your Wine Purchases Now and for the Next Five Years!

This is the most complete global analysis of Wine Value (ever  written) with emphasis on the realistic relationship between Price and Quality tied to today's worldwide economics. Only FrankAboutFood.Com  has combined basic wine expertise, pragmatic thinking and bluntness. Slick mag writers skirt around the edges. As always FAF pulls no punches.

1. Shocking 2008 Wine Auctions: This was the Early Warning:                          You see, the 4th quarter 2008 price sensitive  wine auction sales were down from $81 million to 35 Million. These sales are made to market savvy professionals who set the standards for future retail prices. They understand what will happen in the future. Now so will you.

This tremendous drop in the net dollar value at auction sales were a result of two things. Prices  that were actually bid on individual wines went way down.. plus lots that went completely unbid went way up. Sold lots  were 81% in 2007 and 54% in 2008. That meant almost 1/2 of the 2008 wine had no bidders and remained unsold. WOOW !!!!!

2, The United States: Amazingly this guide to current pricing begins with two words. Columbia Crest. This winery on the Washington side of the Columbia river produces such wonderful wines in large quantities at prices so amazing that the French contend that C.C is being subsidized by the U.S. Government. Whatta joke from the  now threatened, yet still arrogant government assisted French wine monopolists.

At this writing, Columbia Crest is the one and only U.S. vintner that offers  Cabs at under $15. They have 2 2005s, plus 3 fine Chardonnays and a Merlot also under $15.

Chateau Ste. Michelle also in that same Columbia Valley produces good Cabs, Chardonnay and Sauvignon Blanc under $18. Finally also check out Hogue in that area for very drinkable Chardonnay, Gewurztraminer under $20 and  a Riesling at an unbelievable  $9 and a Merlot at $16.

It still is pretty hard to find a good Pinot Noir under $20 but both Erath and Willakenzie seem to be able to do that in the low real estate area of Oregon. We especially like Willakenzie.

California obviously has many offerings especially now in whites throughout  the state but value in fine Reds are hard to find. Napa, especially, saddled with ridiculous real estate costs sadly seems to be think it is above having to offer value in Cabs. In fact they seem to follow the French (Louis Vuitton) approach that the more you charge, the more the customer will want it. Strangely the only reasonably priced California Cab is from Napa however, via Villa St. Eden  at $15. Supply is limited, There is a Buehler Napa Zinfandel at $18

 

Zinfandel is the standout California red in good supply at under $20 . Look for Seghesio in Sonoma. as well as Sausal, Turley. Carlisle, Sextant   and Rosenblum in other areas .Decent Pinot Noir under $20, however is still elusive limited to just 2 offerings. There is DeLoach from the Pinot Noir friendly Russian River and Fort Ross in Sonoma.

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Over-planting of Chardonnay for many years combined with strong value competition from Sauvignon Blanc has produced heavy price reductions from some big names like Robert Mondavi, Berringer and Rutherford Hill-Napa, Chateau St. Jean- Sonoma, Bernardus-Monterey, Gloria Ferrer-Sonoma and Mount Eden- Edna Valley. They all are currently offering very drinkable wines at under $20..

Sauvignon Blanc has now exploded in California. There are at least 25 producers offering very satisfying wines well under $20. When you add in New Zealand as I will below, the choices become so broad that I leave it to you to find one that measures up if you drink Sauvignon Blanc.

Finally and somewhat amazingly, California has begun sneaking up to France. producing very satisfying champagne at 1/2 the French prices which are still sort of controlled. and over priced especially considering that the Euro is down 20%.

You will not be ashamed to pour Gloria Ferrer Blanc de Noir, Sonoma, Scharfenburger Brut, Mendocino and Mumm Brut Napa Valley Prestige, Napa at a small party. They are all around $19. For big champagne parties see Spain below.

3. France: Bluntly, I find it very difficult to seriously recommend any wines from France white or red as a value with the exception of the many wonderful values from the Southern Rhone with which I am very familiar. The Languedoc, Dordogne and Loire areas are not bad. But hardly worth the trouble. There are so many other better choices.  Leave them to the French.

With globalization exploding, most drinkable French wines are now still 2 to 3 times as expensive as comparably rated other wines worldwide.  A French name on the label cannot be


Vineyards of the Cortes de Rhone

worth that much. Again it is even more shocking when one understands that the Euro has dropped almost 20% which should reduce the cost of French Wine. The luxury areas of Bordeaux and Burgundy  continue to believe that the US is stupid about wine (they probably are right except for you now) opted not to reduce prices but are going for more profit.

Forget them.

However look for names like Guigal, Perrin, Cave Des Papes, Cave De Rasteau along with many others from the wonderful Cotes du Rhone area of Southeast France. These vintners know what to do. They  are marketing large quantities of wonderful wine at remarkable prices.

The complex reds from primarily Grenache grapes (often blended with Syrah and Mourvedre) can satisfy palates across the board that enjoy Cabs, Pinots and Merlots. Look for recent vintages. Further if your wallet (or purse) is still fat in today's world, then look at that wonderful premium wine from the Southern Rhone. It is Chateauneuf du Pape and is the outstanding value in a true fine wine. It can be found at prices from the above names at $30-50.  Look for 2005s and 2006s with some fine 2007s on the way.

4. Italy: A Brunello di Montalcino Sangiovese grape scandal still hovers over Italy. This, the world economy  and the drop in the Euro has resulted in price reductions throughout Italy. While the French try to ignore most of the problems, the Italians typically make deals. Values abound.

Right now, there are great values in the Northern Tuscany Chianti Classico, Riserva and Ruffina red wine areas.  There are perhaps hundreds of good choices around $20 or less.  Look for Ricasoli, Volpaia, Frescobaldi and  Banfi, among others. Do a little work, talk to a valid wine merchant and have some fun searching this market. You'll be thrilled at the results.


Italian Chianti Vineyard

Until a few years ago, white wines and Italy had little to offer. But remember that this long Mediterranean boot has been the merchant center of Europe for more than 2.000 years and they recently recognized the dramatic worldwide switch to white wines on the part of the new wine drinkers of The United States. (I'll have a glass of Chardonnay, please????).

Thus the North East region of Alto Adige and Fruili between Verona and Venice is a wonderland of fine white wines under $20 in Pinot Blancs, Pinot Grigio, Sauvignon Blanc and even Chardonnay. Look for names such as Legeder, Santa Margherita, Terlano,Tramin . Do a little of your own wine tasting and find a wine that satisfies your palate. That is the fun.

5. Spain: It turns out that Spain with its desirable  latitude and climate has the largest vineyard acreage in Europe. It is also considered by a majority of serious wine drinkers worldwide to offer the best overall values especially in both reds and white. Up until recently, it has had limited distribution in the United States but that is now changing. The Tempranillo grape is among the most widely used but the versatile Grenache is now also very popular worldwide.

Right now the easiest way to go is to search out the wines of the Rioja with those Tempranillo grapes. Marques De Caceres Rioja Crianza is widely available example. But also look for Bodegas Faustino Rioja VII 2008 . Both are less than $16.

But the shocker to your friends, if you tell them is Bodega Ateca Calatuyud Garnacha de Fuego. It is a Grenache based red that compares with wines in the $30-$40 and retails for under $10.  80,000 bottles were imported so it should be available.

Finally, look for bargains from "negotiants" in Spain. They own no vineyards, no wineries. They have special skills and search the country for grapes that they have blended for them as does the now famous Castle  Rock in the US.

However, again you should know (perhaps in time for June Weddings and Anniversaries) that what many  (including me) consider to be the best value in grapes in the world is the Spanish Cristalino  sparkler that competes with Champagnes at 5 times the price. It is $5.99 a liter and about $16 for an upgraded and spectacular and crowd pleasing magnum

Bluntly I am not too familiar with the other highly rated whites of Spain. Perhaps that is because there are all those easily found bargains from California, Italy and especially New Zealand under $16.

6. New Zealand: I guess my basic favorite place to search for great overall value right now is New Zealand. That is because I prefer Pinot Noir to Cab and Sauvignon Blanc to over planted and over oaked Chardonnay.

New Zealand is the only place in the World that has both wines in good supply and features unmatched  availability and  quality combined with price. 



Look for Kim Crawford Sauvignon Blanc at under $15. Three alternate choices that are also easy to find are Omaka Springs, Nobilo Icon and Staete Landt. Look for 2007s. These wines are best imbibed early.  Thus you can drink them now.

Good values and quality in the elusive Pinot Noir are St. Clair, Seven Terraces, Villa Maria and the above mentioned Staete Landt.

All the wines shown above are from The Marlborough region of  New Zealand and that is what you should also use as an overall guide.

7. Australia: It has some things going for it again. It had a recent bad season due to a drought and its currency was almost 1 to 1 with the dollar. Prices rose. Quality dropped.

Now the dollar has strengthened worldwide but especially against Australia with an almost 50% increase. So there are again economic bargains to be found over that wide range offered from this large wine growing continent.

However be cautious and test one bottle at a time.  Much of what is still on the shelves in all categories can be a problem. 2005 and 2006 if available  should OK but be wary of 2007 and 2008.

Look for Cabs and  Shiraz along with the newly discovered blends with Grenache-Mourvedre which is in the style of the wonderful Cotes du Rhone of Southeast France. Australian Chardonnay can also deliver satisfaction with many choices.

The big names dominate with tremendous distribution in the United States. Names that have produced a lot of satisfaction in all categories are: Penfold's, Rosemont, Wolf Blass, Jacob's Creek, Greg Norman, Innocent Bystander, Yalumba and Kilikanoon  the latter three especially  as smaller vintner's with high quality, very interesting and different choices in red and white.

8. Argentina and Chile: My knowledge is limited in both cases although I have had some experiences. Argentina's Malbec grape dominates. I have been drinking Norton with consistent satisfaction for a year. It is under $14. Try it and give me your thoughts.

Chile has developed a very strong position in the usually pricey Cabernet Sauvignon. but with amazing prices. It is also getting a small handle on the usually equally pricey Pinot Noir. Look for Concha y Toro for excellent Cabs at less than$20.

9. Germany and South Africa:  I must confess that I have my hands full trying to keep abreast of a reasonable amount of information on the Eight countries above. Early on I thought of Germany as producing primarily sweet Riesling wines that did not appeal to me. Thus I devoted my energy to other areas.

South Africa has become a small factor. But I decided I had enough on my plate at this age in my life to avoid diluting my energy beyond my present capacity.

If you have some vital experiences or suggestions about German or South African wines, please e- mail me via the address on the home page.

10. Definitely Consider Corkage: With the economy the way it is, dining out becomes more of a luxury. Wine often adds 50% to the bill. Restaurants have begun to recognize the diners concern about the high cost of dining and the perception of exploitive wine prices.

Many have reduced their corkage fees and in some cases have had nights with no corkage. One premium 4 star restaurant now offers corkage free at all times. You should take as much advantage as you can of these opportunities. But there are mathematical issues. Always ask the corkage fee when you make the reservation

The wines listed above are all under $20 or less. They would be priced at a restaurant at $40-$50. If the restaurants corkage fee is on average $20, the benefits are small or nil  You can do the math on other amounts.

Thus, we believe that if you plan to use corkage, $20-30 should be the absolute minimum  retail price of wine you bring to a restaurant. Many folks with wine cellars bring $75- $150 bottles and thus save mid three figures off the bill depending on the restaurant.

Most restaurants used to frown on allowing corkage. Competition  no longer allows them to do that. Thus  you should never be embarrassed when you bring a bottle of wine with you. But don't bring 2 Buck Chuck.
 

A Wine Flavor Aerator and Flavor Enhancer That We Think actually works!!
Over the years we have all been given various wine gadgets (often expensive) but relatively useless. Magnetic Wine Agers (were they serious) , $200 wine carriers to ostentatiously show off at the restaurants and then forget them, $250 desktop  wine openers, $50 rabbits, anti spill inserts, etc. Mostly overrated.

But now along comes the instant wine aerator that is effective; seeming to open up the drinkability of every day wines and also may aid in easily decanting aged wines.  I was, naturally a snobbish skeptic. But I think it works.  It is about $40. My wife who (I think) has a wine palate equal to Robert Parker and certainly better than the photogenic Marvin Shanken endorses it. And she has imbibed everything from Echezaux to Castle Rock.

If you need any further advice for any event,  please contact me via the website but be sure to include either your phone or e- mail address.