Chinese Winemakers Go High-End; Anheuser-Busch to Make More Beer with Less Water
After years of producing cheap, bad wine, Chinese winemakers are creating high-end offerings, catering to a an increasingly affluent and sophisticated Chinese consumer.
[Wall Street Journal]
Christie's has announced it will auction Pablo Picasso's portrait, "The Absinthe Drinker," for between $45 million and $60 million: as good a reason as any to think about absinthe.
The 1,500 bottles of Lloyd Flatt, the late eye-patch-wearing wine collector who had a penchant for big bottles, was sold to an Asian buyer for more than $1.18 million at auction.
Warren Buffett's insurance and investment company has agreed to buy Kahn Ventures, a wholesale distributor of distilled spirits, wine, and beer in Georgia and North Carolina.
Analyzing the levels of radioactive carbon in a wine could help detect fakes. Since the last A-bomb tests in the 1960s, grapes carry harmless amounts of radioactive carbon.
Sherry-Lehmann is the first big New York wine store to come out in support of legislation that would allow grocery stores to sell wine.
A group of happy hour revelers in the city have participated in a yearlong alphabetical bar crawl, beginning at Arctica in Murray Hill and ending at Zanzibar in Midtown.
President Barack Obama sent Canadian Prime Minister Stephen Harper two cases of Yuengling to settle a bet over the Olympic hockey game in which Canada beat the U.S. 3-2.
Anheuser-Busch InBev, the world's largest brewer, is planning to make more beer while reducing its water use by 30 percent by 2012.
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