Word: sauvignons
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Robert Mondavi Winery, based in Oakville, Calif., is the first U.S. winemaker to offer such contracts on a nationwide basis. An investor who buys a $240 contract on a case of 1985 or 1986 Cabernet Sauvignon Reserve is betting that the wines will increase in value by 1989. Because the contracts will bring in cash two years before the wines are usually sold, about 30 California vintners, including such names as Iron Horse and Diamond Creek, are following Mondavi's lead...
Perhaps most impressive in the dining hall were the many bottles of "Cabernet Sauvignon" breathing on every well-set table. Bearing a special "Harvard 350th" label, the Somona County Burgundy went down well, despite its pretensions, and was well worth every penny...
...White House doorstep. They would like to see Reagan have his Thanksgiving dinner at Camp David and invite such Democratic stalwarts as Louisiana Senator Russell Long, Illinois Congressman Danny Rostenkowski and Oklahoma Congressman James Jones. After the turkey and pumpkin pie, Reagan should take his goblet of Cabernet Sauvignon and ask everyone there to pledge himself to a great legislative crusade to reform the tax system, raise revenue, cut spending and banish those hideous deficits. For that kind of commitment, the American people would surely give thanks...
While sales of higher-priced varietal wines, named after specific grapes like the Cabernet Sauvignon and Pinot Noir, remain strong, low-cost generic labels, the Burgundies and Chablis produced by such vintners as Inglenook and Almaden, have fallen off. The price of a gallon jug of domestic wine sold in food stores has been cut in half since 1981, to about $3. Meanwhile, foreign vintners have flooded the U.S. Helped by a strong dollar that has made their wines cheaper for American buyers, foreigners boosted their share of the American market this year to more than 25%, up from...
...sparkling wine used for the toasts (Schramsberg Crémant Demi-sec 1981) lacked luster. But the California red (Silver Oak Cabernet Sauvignon 1978) was a western rainbow, smooth and joyous. The beef farci en croũte was a might overdone, but the candy sculpture of birds and flowers (all edible) that decorated the dessert servings was exquisite...