Analysts Predict Bordeaux Price Collapse
mhicken November 9th, 2009
Interesting story this morning on Bordeaux prices. Diageo, one of the largest purchasers of Bordeaux worldwide, is exiting the business and liquidating their huge Bordeaux wine inventory at greatly reduced prices. This is creating a cascade of downward price pressure for Bordeaux in the U.S. with retail prices ebbing below wholesale in some cases. Here in B.C., we are, of course, “insulated” from bargains by the LDB … but will consumers keep buying Bordeaux here when they see prices collapsing south of the border?
