October 29, 2012
CA "cult" wines see high resale prices, new market in China
California "cult" wines are increasingly being "flipped," or bought and then resold for a much higher price instead of ever being imbibed. Industry analysts call the trend "unhealthy," saying that certain wines have become "a pure instrument of speculation."
Region: California
California "cult" wines are increasingly being "flipped," or bought and then resold for a much higher price instead of ever being imbibed. Industry analysts call the trend "unhealthy," saying that certain wines have become "a pure instrument of speculation."
Region: California