A few quick things about cru Beaujolais, the smaller, distinctive growing areas of Beaujolais.

1. The Burgundy producers are coming!
Prices are relatively low for grapes and real estate. That fact has attracted investment to the region from producers looking to expand: Earlier this year the Champagne (and Burgundy) house Henriot purchased the Chateau de Poncie, a key property in Fleurie. When I asked Joseph Henriot earlier this year about the motivation for the purchase, he pointed to the distinctive terroir (he loves Moulin-a-Vent and Morgon as well as Fleurie) but also the tremendous discount the property had compared to land in Burgundy.

2. Cru Beaujolais can age, maybe even longer than you think
Louis Jadot was one of the earliest notable Burgundy producers to acquire property in the Beaujolais region, notably in Moulin-A-Vent. I tried their Chateau des Jacques 1996 a few months ago and was wildly impressed. Jacques Lardiere, the winemaker (pictured right), told me that the best wines can last decades!

3. I’ve got a cru Beaujolais vertical going–in magnum
Magnums, twice the size of regular bottles, are generally baubles for captains of industry. But you can get a top cru Beaujolais in magnum for less than a lot of second label Bordeaux. Combine this price appeal with the age-worthiness and you can understand why I have several magnums of Deccombes, Desvignes, and a mini-vertical (three vintages!) of Clos de la Roilette cuvee tardive. Cru Beaujolais magnums also make great gifts; to wit, I just got a magnum of Lapierre Morgon 07 at Appellation Wine and Spirits yesterday.

4. Gamay is wildly food friendly!
And at 12.5 percent alcohol, you can have a couple of glasses too and still be able to function after dinner.

5. It’s mostly less expensive than red Burgundy!

6. How would you change the region?
In 1395, Duke Philip the Bold outlawed the humble gamay grape from Burgundy, protecting the premium pinot noir by fiat. What would you do differently if you were the Duke of Beaujolais? I asked Jacques Lardiere what he would do differently if he made his wine in Moulin-a-Vent outside of the appellation system, which mandates certain controls, such as planting the grape gamay. He said, “I would plant pinot noir.”

Don’t forget to join us tonight at 8 PM on Twitter Taste Live raising a glass of local wine or a cru Beaujolais! use #ttl in your comments or follow me.

“I guarantee you all these prices will be significantly higher this time next year,” John Kapon, president and auctioneer at Acker, Merrall is reported to have said between bids at an auction last December. The buyers who paid $8,000 for six bottles of the ?61 Dom Perignon and $22,000 of for eight bottles of the ?66 Cristal might be wondering if that was a money-back guarantee.

Prices of all kinds of assets have declined precipitously since last December. Wine appeared somewhat immune as recently as September but evidence is now emerging that prices for collectible wines are entering a correction after many years of strong growth. The Liv-ex 100 Fine Wine Index fell 12.4 percent in October.

A close observer of auctions told me yesterday that two recent sales only sold 35 and 43 percent of lots. And some lots are going for well below the low price estimate. At another auction, someone else told me that a case of 1998 Grand Cru Chablis sold for $60. Even though there’s a risk of premature oxidation with that wine, $5 a bottle certainly seems like it’s worth a flier. Such a low selling price indicates that there was no reserve.

While many shops may have locked in higher costs, making them unwilling or unable to discount, some specialty shops do broker private collections too and can have faster turnarounds than auction houses. Provenance is always an issue with mature wine, so feel free to ask where the wines came from.

But some sellers at auction may be eager to liquidate making the secondary market may be the best place for wine deals this fall. Of course, if the global economic malaise continues into next year or beyond, declines in fine wine prices could continue. So you may not want to step in and catch too many falling magnums.

Some upcoming auctions: Zachys, Nov 6-8; Acker, Merrall Nov 7; Christie’s Nov 17 and 21; Sotheby’s Nov 22; Hart Davis Hart Dec 5.

Cima Collina will be at the Pinot Days event in Chicago on November 14th-15th. If you want to attend this wonderful event, please go to their website and enter the code “Collina” to get a 10% discount on tickets! Please be advised that the number of discounts available is limited.

Winemaker’s Dinner

I will be present and pouring Cima Collina at Christopher’s on Lincoln, in Carmel-by-the-Sea this Friday at 7:00. Christopher’s is one of my favorite local restaurants (chef owned and operated), and Christopher himself is a James Beard award-winning chef. Great food, great atmosphere, great service. Tickets are available at: montereywines.org.