At the Palace Market, a sign has rested on a dwindling display of bottles since mid-summer: “THE PLEIADES CHAPTER CLOSES.” For decades, the cult wine label, which began in Bolinas as Thackrey and Co. and was rebranded as Pleiades Wine Company, drew a devoted global following. After a brief revival under new ownership, the winery is selling off its last stock.

The bottles have been moving quickly, said Brittany Hartwell, the market’s director of operations.…