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Golden state is a rich man's game.

Europe Intelligence Wire

| July 31, 2009 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Off Licence News)

If location, location, location is athe key to the property market, explaining why a sock drawer in Knightsbridge costs more than a palace in Kabul, it also tells you a lot about the wine sector. The main reason it costs more to produce wine in a igrand icru Burgundy site than in, say, the Riverland, is the price of land.aAnyone who wants to understand why Californian wine is comparatively expensive - anything under $20 is considered as "value" on the US west coast - could do worse than take a look at a real estate section in a local paper. Californian wine country is considered a desirable place ato have a house, or rather create a alifestyle, and this inflates …

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