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Tag Archives: GreyMarket

• Bad Idea. NY Legislation Will Wipe Out “Gray Market” For Fine Wine

Bad Idea. NY Legislation Will Wipe Out “Gray Market” For Fine Wine

Proposed legislation in New York State will impose heavy restrictions on the sale of rare, collectable wines. ┬áBill No. A06884, introduced by the New York State Committee on Economic Development, will require restaurants and retail stores to purchase wine from a “primary source” – an authorized distributor who must be clearly identified, thereby eliminating the […]