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buying wine

BUY WINE NOT STOCKS!

by Cheryl Wolhar on March 4, 2009

Forget watching the Stock Market – Buying Wine is More Fun!

This might be a great time to try some of those cult wines that have been inaccessible for most of us regular folks.

As reported by Wine Business Monthly – Cult Wines at Mass Market Prices, it seems the economy might do something good for us wine lovers after all, i.e., make some of those cult wines both more available and [somewhat] more affordable.

There are a couple that are classified as cult wines that I would really like to try but even when I save up to afford them, usually for a special occasion, I usually can’t find them, or they are on a restaurant wine list, priced way too high.

Not only are these wines usually priced too high for my budget, but also top restaurants and collectors buy most of it. They have the inside track and the budgets to get these wines and then they mark them up so high that they are usually out of reach. Come on… how many of us can pay thousands of dollars for one bottle of wine? And even if we could would it be prudent to do so?

I, like many wine lovers, are always on the search to find new wines that are cult quality but that haven’t been discovered yet. So I can enjoy cult quality until they are “discovered” and their prices go up so high I have to find a new one. This just may be the opportunity we have been waiting for and certainly a silver lining to the cloud of financial uncertainty we are all living through.

So what should we do during this recession? I say BUY WINE NOT STOCKS! At least we can have a few moments of joy as we try to recover from this terrible down turn.

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WANTED: Wineries – Early Adopters Need Only Apply!

by Cheryl Wolhar - MyVineSpace on February 2, 2009

Jo Diaz’s blog “Some truths behind the wine Industry and Social Media” is generating some interesting discussion.
I was most interested in the gap she describes between the winery decision makers (owners and principles) and the social media technologists (us). Jo does a great job explaining her view of the current mindset of some in the wine industry in regards to social media and discusses the huge distance she sees between the two.
Based on the discussions I have had recently with some small wineries I would have to agree. If they are not comfortable with technology they seem to be extremely reluctant to take this on. They feel that they don’t have the time or the experience necessary to do it correctly and that they do not have the money to staff for it during this economic down turn. The truth is that they can’t afford not to. I firmly believe that those wineries that make an effort now to utilize some aspect of social media will be way ahead of those that don’t when the economic turn around comes along. They will also, most likely, experience less of a downturn.
Jo says, “I’ve got grape growers who own their own businesses, [...]

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What are the faults with the 100 point system?

by Cheryl Wolhar on October 30, 2008

Here’s an interesting discussion “What are the faults with the 100 point system?” posted on Open Wine Consortium by Jay Drysdale. My fellow bloggers and wine business professionals give some interesting and thoughtful responses. Do you have an opinion? Join in on Open Wine Consortium and give us your two cents.

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