The 2008 Barbaresco Santo Stefano has the same color the 1987 had when it was 20 years old, which is to say almost rose colored. I don’t think the 2008 will make its 20th birthday, however. This is a light, translucent, fleeting wine with very little fruit and body. Anticipated maturity: 2011-2016. I suppose it was bound to happen. Few wineries have been through as much stress in the last few years as Giacosa, and the wines have finally begun to show some cracks. Although he is doing better today, Bruno Giacosa’s health issues and subsequent recovery put a big strain on the winery. The departure of long-time oenologist Dante Scaglione in 2008 was another blow. Scaglione has since returned to the winery as a consultant, which is an encouraging development. Quite simply, the 2008 Barbareschi are the weakest wines I have ever tasted from Bruno Giacosa. The fact that some of Giacosa’s recent releases from his negociant operation are stronger than the wines made from estate fruit suggests some of the issues may be in the vineyards. Regardless, there is no other way to view these wines than as major disappointments. In November I will host my annual White Truffle Charity Dinner to benefit The Mt. Sinai Hospital. On that night I will open my last remaining bottles of Giacosa’s 1964 Barbaresco Riserva Santo Stefano and 1967 Barbaresco Riserva Asili (among other rarities) and raise a toast to the towering genius of Neive, with the sincerest wish that these new releases, and the 2008 Barbareschi in particular, represent what will ultimately be viewed as a small blemish on an otherwise extraordinary career.A Leonardo Lo Cascio Selection, Winebow, Montvale, NJ; tel. (201) 445-0620. As of January 1, 2012, Giacosa’s new US importer will be Folio Fine Wine Partners, Napa, CA; tel. (707) 256-2700