Thriller said:
Familiar with the wine, but not the price history and trajectory. Is there a point to where the market looks elsewhere for value so that it causes a plateau or even declining prices to reach an equilibrium? If so, how long do we think we'll see this trend continue?
I've thought about this as well, and I wonder if the baby boomers are driving the prices for high-end luxury products like wine. They're in their peak wealth years right now, but that won't always be the case.
Millennials are drinking Argentinian Malbec, Provance Rose, and Prosecco. Napa Cabs and Chards are so far out of reach, by the time they can afford it will they even care?
There will always be a market for ultra-premium wine, but I wonder where these prices will be in 10 years. Alpha Omega now has SIX $225 Cabernet's, Signorelo entry level cab was $60 five years ago, now its $90. Is this natural inflation, or a bubble, a la Bordeaux with the Chinese?