Former owner of Screaming Eagle and Mayacamas, both cult wineries in California, Charles Augustus Banks IV, was charged on Friday 9 September 2016 with two counts of fraud.
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The fine wine market steadied in 2015 and is now cautiously optimistic for 2016, according to the latest report released by Liv-Ex this week.
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Fine wine investment company Cult Wines is to open a new office in Hong Kong as part of an ambitious growth strategy.
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Leading fine wine merchant Farr Vintners has bought Jackson Fine Wines for an undisclosed, following the retirement of chief executive, Kit Jackson.
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Fine+Rare, the London-based international fine wine and spirits brokers, will be offering investors the opportunity to purchase exclusive first-release whisky barrels from award-winning new Scottish distillery, Arbikie.
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A record number of bottles of rare Scotch whisky were sold at auction in the first half of 2015 according to figures from analyst and broker Rare Whisky 101.
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A leading wine investment fund manager says it expects prices to rise again in the autumn after softening during the summer.
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A leading wine investment fund management company says that the fine wine market is "by no means back to anything that can be considered normal" despite a recent recovery in prices.
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A US investment analyst has suggested that a recent bounce back in market prices of fine wine has made it an attractive long-term proposition.
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Wine merchant to the royal family Berry Bros & Rudd has opened a new cellar at its London base, to increase its capacity for private wine events.
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AWC Fine Wines has launched a cellar curation service for clients.
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This year's en primeur campaign has been a mixed bag that failed to capitalise on the chance to reset the market, according to fine wine investment experts.
One of Chateau Lafite's subsidiary châteaux became the first to release prices for en primeur 2014 - and the signs are "encouraging", according to fine wine specialists.
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Online prices for fine wines from Burgundy and the Rhône rose in March, according to international fine wine e-merchant iDealWine - but Bordeaux prices have fallen by around 1.23%.
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Demand for bigger bottles of wine is increasing, with one retailer predicting sales will rise by 8% in the next 12 months.
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Bordeaux's fine wine market "looks to be recovering", says fine wine exchange Liv-ex, whose 100 index has showed gains over the past four months, with its 50-index holding steady since July.
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According to the Liv-ex's most recent market report, "the value of trades in November was down 19% on this time last year" signalling the on-going challenge of Bordeaux's most iconic wines continually demanding the historical prices of just a few years ago.
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The downward slide in fine wine trading has halted with flat prices for the three months since July 2014, but a change in perception has made consumers once ready to cough up £14,000 for Lafite 2008 now reluctant to part with £5,000.
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Global property consultancy Knight Frank has teamed up with portfolio management platform Wine Owners to launch the Fine Wine Icons Index.
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Four years of falling prices have brought the Bordeaux market to its "lowest ebb since the early 1970s", meaning now is a good time to enter the market.
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