Prices for top wines are off 20 percent from their peak. Think that means the bubble's over? Don't count on it. Rarely is the first sharp descent the true end of a bubble.
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Photographer: Elin McCoy/Bloomberg
A tasting of wines from Margaux. Unlike some older Bordeaux, these are not too expensive for any sane person to drink.
In Wine Market, a Bubble Still Bursting


