It seems the bull market for premium California wine may have hit its peak. Sales are flat though revenue is up slightly because of rising prices, I expect. And I'm guessing the days of rising price may be over (there have definitely been significant increases over the past five years).
The good news for the consumer is that 2018 was a big harvest and there are grapes that don't have a home. These grapes get bulked out at lower prices. This basically means better quality lower-priced wines.
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