New Zealand’s top-end wine market growing
When was the last time you splashed out a few hundred dollars on a bottle of wine? New Zealanders are spending growing amounts on top-end bottles of wine for their cellars or tables, industry commentators say. Stephen White, owner and chief winemaker at Stonyridge, said his wines had been the highest-priced in the country for at least 25 years. Bottles sell for between $260 and $500.