To our American and UK friends, what's the deal? Are Burgundys and Champagnes coming down in price now that wacky tarrifs and oversupply having an effect on French wine exports? Because prices for French imports here in Australia are actually increasing to stupidly high levels.
by wogfood
9 Comments
depends if you have access to the secondary market or primary only 😀
At retail? No. Although you may see occasional discounts
I only really know about Bordeaux wine in detail. In the UK, most of the moderate to expensive wines from decent recent vintages (2018, 2019, 2020, 2022) have dropped significantly in price and are now cheaper than when they were released En Primeur. This applies to some 2016s as well. It seems to have resulted in a loss of confidence in the EP system which has affected demand. Things will surely come to a head soon as there must be a glut developing. It will be interesting and perhaps we will be able to buy most wines even cheaper. A lot of people feel cheated at the En Primeur system in the UK. There are exceptions, some wines like Les Carmes Haut Brion, Clos 56, have a cult following and prices have held up. Prices in the UK seem quite fluid, but I believe in the US it’s different – Bordeaux prices haven’t dropped so much or at all, apparently. Presumably this largely relates to transport costs and tariffs.
I believe Burgundy is more highly sought, especially in the US, so prices may not have dropped.
Transport costs must be very relevant in Australia?
Even in France the prices don’t go lower.
They’re actually reducing capacity by removing vineyards (I heard a stupid 1/8th figure)
So reducing demand, but reducing supply in reaction, not prices.
I closed up the shop I was running in August. Before we closed I was informed by all our suppliers our costs were going up on our European wines because A) all the stuff that was brought in before tariffs was getting close to sold through and B) a couple of mine were eating any tariffs for a bit but were going to start passing along these costs.
Yep, Burgundy prices have gone parabolic in Australia over the last few years.
A good GC that used to be in the $1,000 > $2,000 a bottle range 2 years ago are now $2,000 > $3,000+ on release.
Better 1er are now regularly $1,500 a bottle.
It does feel unsustainable.
Too expensive, The new world wines are pretty good and cheaper
So much great stuff from southern Rhone and Languedoc. I think this is where the bargain‘s at now.
The big three need to go down. Burg, Champagne and Bordeaux are still way too expensive. The worst offender for me is Bordeaux. Flat vineyards, mass produced and still riding on their classification from over 100 years ago