Current state of wine market

Not untrue.

The Covid high is over. So if you are comparing what you are doing now to 2020-2022, then that’s not really apples to apples. You need to compare to 2019, and a lot of people aren’t.

Plus, those huge allocations are gone now that were available during Covid.

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That is hilarious. Bad beat for Woodwinters, which is an A+ store for anyone that finds themselves needing wine or whiskey in the Highlands or Edinburgh.

Unrelated, but I have to say, Woodwinters was an absolute shambles recently with some of my friends ordering wine off of them. Absolute disaster.

Yeah they are riding the covid coatails…

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Here is the latest from Livex, probably the foremost source for pricing in the fine wine market.

Retail is . . . dead at retail?

The rise of Port is coming!

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I spoke to a guy from Sotheby’s last night, and said the vintage had a huge impact on the pricing.

People weren’t buzzing about the wines.

https://www.reddit.com/r/wine/s/Drqv6HovN5

the comment history is exactly what you’d expect.

good CT reviews tho 2013 Ao Yun, China - CellarTracker

Who exactly told him it was a good investment?

Exactly no one I know was touting Chinese wine as a good investment. Just a stupid buy.

My favorite comment was “I’m not even sure how to sell it”

Dude, it’s not crypto. Let me Google that for you…

Not really fine wine but another snippet

https://www.wsj.com/business/retail/constellation-brands-cuts-outlook-on-u-s-wine-market-woes-646a63d8?mod=hp_listb_pos3

There has of course been a lot of concern for small wineries lately, but damn, I’m worried about the growers. I make some wine in my garage and am always looking for small lots. Obviously no one wants to deal with a 500lb order. I keep an eye on all the grape and bulk wine listings and four months ago maybe 10% of the growers I contacted bothered to reply, mostly to say no. My email is now flooded with very late responses from growers with huge amounts of fruit and no buyers. I’m seeing people on Facebook marketplace FFS trying to offload tens of tons of Napa cabernet at $2/lb. There are vineyards in very high dollar areas giving away the fruit for free if you agree to pay the laborers to pick it and kick back a case of wine. I’m sure the prestige vineyards are fine but the middle-tier is likely in a lot of pain–which is doubly terrible because everyone that I’m buying from has been incredibly cool and enthusiastic.

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seems to be a glut of even the niche/natty producers…

Factor in that the 2024 vintage for Bordeaux is likely to be small. I was in Bordeaux earlier this week.
They have gotten a lot of rain and mildew as a result. Apparently, organic treatments for mildew are not working that well and there are other issues. These things are what I was told, what I saw was some groups of vines with no grapes on them.

I cannot predict resulting quality, but have to assume sorting will reduce crop size even more

That’s probably a good thing. Have to think the only thing worse for Bordeaux right now than a small vintage is a big one.

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There is wide speculation already that quality will be lacking regardless of crop thinning. The mildew impact was really broad too.

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And is requiring an incredible # of treatments.

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A bad vintage won’t hurt Bordeaux tbh. If they price it for a bad vintage, rather than for a small vintage.

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Agreed. This will give a year to see some '21’s and '22’s haphazardly sell, simply for lack of shelf competition. This will probably give the '23s some needed help, too — but at least the '23s were priced well.