Oh how the wine world has changed

I just received my daily wine offer from Garagiste and this one made me do a double take. 2006 Beringer Private Reserve Cabernet for $59.99. Wow! That's a $120 wine retail and I imagine that was easily fetched a couple of years ago. Not only was the wine essentially 1/2 off, but Garagiste was allowing orders up to 25 cases. 25 cases? Having a hard time selling that over-priced Cali cab, Beringer?