Predictions for wine in 2010

Widely tweeted today is the list of predictions put forth by John Mariani on Bloomberg.com (Link here). We can distill his list by noting that:

1. Prices for wine will continue to fall.

2. Wine producers who don't get with the price-reduction program will lose market share and lots of money.

3. Even high-end restaurants will be looking for less expensive wines to cozen the dollars out of their patrons' pockets. I'm thinking of bon ton places like Babbo, where very good but less expensive wines are doing a great business.  

To paraphrase Cyndi Lauper, "Lack of money changes everything."

Comments

[Bill Eggert]

Cozen was a poor choice of word to describe restaurant sales objectives. Not nice

[Strappo]

Often one is not nice. One telleth ye truth,

[AC]

My favorite from him was:
"Wine blogging will increase, mostly among those contending they’ve found spectacular bottles that will 'blow your doors off' for under $15 a bottle. As with all blogging, readers should be wary of the source of such claims"

[Strappo]

AC, that's a good point, especially as we usually don't know the provenance of such wines. Chances are the amateur reviewer didn't purchase it himself.