Cheaper Quality Wine
Wine at a Good Price Doesn't Have to Be 'Cheap'
Americans sure like their wine. But as the recession lingers, they're more likely to trade down than to give up what has become a preferred drink for many. And in case you're wondering, CNBC says sales of wines from Argentine and New Zealand are growing while wines from traditional wine-making regions, like France and Italy, are falling.
"Don't be surprised if you're not holding a glass of Dom Pérignon or Moët when the clock strikes midnight on New Year's Eve. These days, it's more likely to be Prosecco or Cava.The recession may be forcing people to cut back in some ways, but holiday parties are still going strong this year. In a nod to the economy, value wines are being poured a lot more frequently than they were a few years ago..."
