A blog about California wine and other good stuff from the owners of California Wine Merchants in Manhattan.
A blog about California wine and other good stuff from the owners of California Wine Merchants in Manhattan."Always carry a corkscrew and the wine shall provide itself." - Basil Bunting
Friday, April 06, 2007
CA Vineyard Values Increasing
Vineyards in Napa and Sonoma are rising in value after a decline of nearly 30% starting in 2001. The upward trend has been attributed to large companies looking to purchase wine properties to round out brand portfolios as well as a change in U.S. tastes toward higher end products. Currently, the average vineyard price in Sonoma is a whopping $75,000 to $90,000 per acre of vines, an increase of $10,000 an acre from last year.
Posted by winemonkey at 8:01 AM
Labels: wine news
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