Futures sales in trouble after years of spiraling prices
(NEWSER) - The most serious wine collectors buy their bottles "en primeur"—paying vineyards for futures of wines that haven't been produced yet. Futures prices for wine had spiraled higher and higher in recent years, even for inferior vintages, as a new class of big spenders moved into the market. But many buyers are staying away from this week's tastings of the 2008 vintages in Bordeaux, writes the New York Times, as a protest at unreasonably high prices. More»