supply and demand

Chianti Classico Producers To Hold Back Some Wine

Filed under: Wine

The winemaking members of the Chianti Classico Consorzio in Italy are responding to falling wine prices. Decanter reports that wineries in Chianti Classico have agreed to a 'blocco delle vendite' and will hold back 20 percent of the wine produced from this year's harvest for at least two years. The decision was prompted by the general state of the wine industry rather than anything specific going on in the region. This is the first time the region has tried this experiment. Many of the wineries produce Riserva wines which need an additional two years of aging anyway but others are hoping that by pulling back part of their wine they will be able for force a bit of demand and prevent plummeting prices. Chianti isn't the first region to have this idea. Back in April, one of the biggest Champagne producers called for a major reduction in harvesting. So far though I haven't seen any official announcements from the members of the Champagne growers group on potential harvest reduction.

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Tags: chianti, italy, supply and demand, SupplyAndDemand, wine

First Shepard Fairey Survey to Open at Boston's ICA

by Tracy Chait (RSS feed) —

Filed under: Art

Boston's Institute of Contemporary Art has announced it will host the first museum survey of Shepard Fairey's provocative street art. The exhibition is aptly named Supply and Demand (recall how tricky it was to get your hands on Fairey's Obama gear) and will chronicle Fairey's 20-year reign as the guerrilla multi-media operative he is. It will also include a new mural commissioned specifically for the museum. Fairey is heavily involved in the plans -- he'll be plastering lucky Boston with public works of art and will even DJ on opening night.

Known for his shape-shifting tendencies -- the artist regularly jumps the boundaries between commercial and fine art -- Fairey's point of view is unwavering. "The real message behind most of my work is 'question everything,'" he told ICA curators.

The exhibit opens February 6 and will run through August 16.

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Tags: boston, ica, institute of contemporary art, InstituteOfContemporaryArt, shepard fairey, ShepardFairey, street art, StreetArt, supply and demand, SupplyAndDemand