Sign in to comment!


Lifestyle & Budget

Diners Ordering More Expensive Wine: What it Really Means

Ian Toogood started in the restaurant business at age 15 washing dishes in a Greenwich, Conn., restaurant. And after climbing the "kitchen ladder" and going college at the University of Connecticut, he discovered he preferred to be out front talking wine rather than in the kitchen. Hes now head sommelier at A Voce Madison, a midtown Manhattan restaurant with more than 4,000 bottles in its wine cellar.

Prices per bottle range from $18 for Beaujolais Villages, Drouhin, 2003 to $9,500 (really?!) for Petrus, Pomerol, 1947. Interestingly,50% of his list is Italian, while the rest are a combination of French and domestic wines. No surprise though is that 60% of the selections are red.

One of the most fascinating parts of our interview was when he told me that he is starting to see more people request more expensive bottles. Hmmm...does that mean the economy is turning? With a 9.2% unemployment rate, that would be hard to believe.

Or does it mean were all so defeated that a good glass of wine is a good way to camouflage the pain for a while?

Im going with the later.

Cent Anni!

Five Questions for Our Wine Pro

What is your "death row" wine?

1985 Sassicaia, Tenuta San Guido

What region produces the best wine?

This is a difficult question as there are amazing regions for different styles of wine all over the world and it depends on what you are looking for in a wine. At the moment, I love Piedmont in Italy because nebbiolo is one of my favorite grapes. There are also amazing whites that are great for the summer as well such as Arneis, Sauvignon Blanc and excellent chardonnays too.

What is the best wine and food pairing you?ve ever had?

One of my most memorable pairings was having oysters with a 1997 Friulano from Friuli in northern Italy. The brininess from the oysters and the sweeter notes from the Friulano went perfectly together.

What will the U.S. wine industry look like in 10 years?

The U.S. industry in my opinion will only be getting stronger and expanding in the next decade with producers making some of the best wine we've seen and Americans expanding what they drink. Wether its from Oregon, Washington State or the Finger lakes in New York,  there are many places producing great wines like California has been.

 I think there are some very exciting things that we are doing and some amazing wines available at affordable prices.

Don't miss Tracy's live online show every weekday from 1-1:50pm ET.

Tracy Byrnes joined FOX Business Network (FBN) in October 2007 as a reporter.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.92% -- 3.92%  
15 Y Fixed Graph 2.99% up 2.98%  
30 Y Fixed Jumbo Graph 4.31% up 4.24%  
5/1 ARM Graph 3.26% up 3.12%  
5/1 Jumbo ARM Graph 3.84% dw 3.85%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.68% up 4.62%  
$50K HELOC Graph 4.10% up 4.04%  
$30K Loan Graph 4.47% dw 4.48%  
$50K Loan Graph 4.12% up 4.11%  
$75K Loan Graph 4.12% up 4.11%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.99% dw 3.23%  
36 M Used Graph 3.18% dw 3.33%  
48 M New Graph 3.22% dw 3.32%  
48 M Used Graph 2.72% dw 2.90%  
60 M New Graph 3.33% up 3.31%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% up 0.34%  
1 yr Graph 0.62% -- 0.62%  
5 yr Graph 1.41% up 1.39%