Wines made from Maréchal Foch grapes of Finger Lakes

Traditionally the wine auction market took the summer off. Although the season has lengthened recently, summer is usually a fallow period. This year, speculation was rampant – will the market (and the prices) continue their upward spiral? The first fall sales have now been conducted, and if prospects for the wine market remain strong, a few clouds linger on the horizon. Wine auction results in 2021 broke all previous records and set a new benchmark. With sales in major auctions of over £500m, th ...

Brad Pitt has filed a lawsuit against Angelina Jolie at a Los Angeles court regarding her sale of a stake in Provence winery Château Miraval last year, according to media reports, including in Bloomberg (via Associated Press) and the Los Angeles Times. There had been speculation for several years about how Pitt and Jolie’s divorce proceedings would affect their joint ownership of Miraval, which they acquired in 2008. It was the Hollywood couple’s wedding venue but the estate has also gained a re ...

Anecdotal evidence suggests that sales decreased significantly compared to the previous year, with volume and value sales down by as much as 60% in a few cases. In some instances, sales of usually bankable wines crashed to almost zero, according to the merchants that Liv-Ex polled. ‘Yet again, many buyers and collectors have had to ask what purpose the time-consuming event serves when it delivers such pitiful revenue, and who precisely it is for when it offers little compelling value,’ said Liv- ...