Napa Earthquake Could Raise Wine Prices

Townhall.com Staff
|
Posted: Aug 25, 2014 10:48 AM

The magnitude 6.0 earthquake that struck Napa in the early hours of Sunday morning may not have done much damage, relatively speaking. Yet several wineries reported extensive damage to existing collections of valuable vintages, as well as to winemaking infrastructure such as oak barrels. The result could be that California wines currently in production rise will in price and value, since they will be rare on local and international markets.