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August 2008

Napa Valley Grapegrowers Forcast 2008 Harvest

At a press conference held on August 13th at famous Larkmead Vineyards in Calistoga. Napa Valley Grape-growers unanimously that 2008 harvest will be an exceptional vintage with pristine grapes. Yields are expected to be lower than average after a season of extreme growing conditions. Napa Valley Grape-growers Director Jennifer Kopp Putnam said “With the many weather challenges facing the California wine industry in 2008, Napa Valley grapegrowers were prepared with the technology, expertise and experience necessary to navigate a difficult year and produce one of the most successful vintages in recent memory.” A side note, Sonoma County growers are also expecting higher quality grapes with lower yields.

Chateau Cos-d’Estournel Buys Chateau Montelena

As reported by Wine Spectators August issue. ” One of Bordeaux’s top chateaus has bought one of Napa’s most historic estates.” Chateau Cos-d’Estournel owner Michel Reybier completed the sale on July 19th. The purchase price was not disclosed yet sources close with Montelena’s negotiations told Wine Spectator “that owner Jim Barrett had fielded offers between $120 million and $150 million for the winery and 200 acres.” In a statement Barrett said “we could not have asked for a finer team to carry on this legacy.” Many in Napa were not surprised and noted that the strong Euro and weak U.S. economy are helping European vintners looking to expand.
For the full article visit winespectator.com or see their August issue.

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