Text Size:-+

The Perils of the New Wine Economy

We live in remarkable times. The pace of technological innovation and the remarkable changes that globalization has wrought upon the world economy are staggering in their scope. As wine lovers, we have never had access to more great wines at any time in history.

The ways and sources of buying wine have exploded in the last twenty years. We've gone from a wine economy that was rooted in local retail stores (and some large multi-national auction houses) to a modern, globalized world of e-commerce, where most of the wines that anyone could want to get their hands on are available online.

Peer-to-peer wine sales have gone from the fringes of awareness to being mainstream while the relationship between producers and consumers also grows ever stronger.

In this brave new world, it's no surprise, then, that the idea of buying or selling wine on Craigslist would arise at some point. I mean, you can pretty much buy anything on Craigslist, so why not wine?

Well that's precisely what Quy Duc Nguyen thought when he saw some Chateau Lafite Rothschild up for sale in Queens, NY. Unafraid to make the trek from California to locate some great bottles, he was rewarded with genuine wine at a price he wanted to pay.

But when he made a second trip for a second vintage of Lafite, instead of returning home with collectible bottles, he stumbled into the street bleeding from a head wound and robbed of the $40,000 cash he had brought with him to make the transaction, according to newspapers.

Apparently some deals are too good to be true. Note to self: Craigslist is not the right place to buy vintage First Growths. Ouch.

Read the full story.

Buy My Book!

small_final_covershot_dropshadow.jpg A wine book like no other. Photographs, essays, and wine recommendations. Learn more.

Follow Me On:

Twitter Facebook Pinterest Instagram Delectable Flipboard

Most Recent Entries

Vinography Images: Cold Snap Cincinnati Here I Come! Happy Thanksgiving from Vinography Vinography Unboxed: Week of November 23, 2014 Putting a Cork in Your Thanksgiving Wine Anxiety Plumbing the Depths of Portugal: A Tasting Journey Vinography Images: Rain at Last The Mysterious Art of Selling Direct Critical Consolidation in Wine What Has California Got Against Wineries?

Favorite Posts From the Archives

Masuizumi Junmai Daiginjo, Toyama Prefecture Wine.Com Gives Retailers (and Consumers) the Finger 1961 Hospices de Beaune Emile Chandesais, Burgundy Wine Over Time The Better Half of My Palate 1999 Királyudvar "Lapis" Tokaji Furmint, Hungary What's Allowed in Your Wine and Winemaking Why Community Tasting Notes Sites Will Fail Appreciating Wine in Context The Soul vs. The Market 1989 Fiorano Botte 48 Semillion,Italy

Archives by Month


Required Reading for Wine Lovers

The Oxford Companion to Wine by Jancis Robinson The Taste of Wine by Emile Peynaud Adventures on the Wine Route by Kermit Lynch Love By the Glass by Dorothy Gaiter & John Brecher Noble Rot by William Echikson The Science of Wine by Jamie Goode The Judgement of Paris by George Taber The Wine Bible by Karen MacNeil The Botanist and the Vintner by Christy Campbell The Emperor of Wine by Elin McCoy The World Atlas of Wine by Hugh Johnson The World's Greatest Wine Estates by Robert M. Parker, Jr.