Wine market in free fall?


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Wine Fall

Wine market in free fall?

RicRios | | Aug 11, 2008 10:21 AM

I'm seeing "specials" all over, by all major retailers ( NY & CA ).

That's not so unfrequent.

What IS unfrequent, however, is this peculiar combination of factors:

a) offers are for new releases;
b) we're not talking "en primeur" here, items are all in stock;
c) special price in U$S very close to European winery release price in Euros, even in some cases U$S price LOWER than Euro price;
d) provenance mostly France, Italy, Spain.

Question to insiders: is it as bad as it looks?