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Inventories, Market Poised for Return to Normal // Bill would provide insurance coverage for smoke taint
June 24, 2024 - Wine Industry Insight Daily News Feed
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Today’s Most Interesting Wine Industry Data
We are in a particularly slow period for Bordeaux. The chart compares the total value of bids (commitments to buy) to the value of offers (commitments to sell) on the fine wine market over the past 12 months. A year ago, the value of Bordeaux sought by buyers was roughly equal to the value of Bordeaux looking for a home. Today, there is more than three times as much Bordeaux for sale than the fine wine market is looking to absorb.
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