traineeinvestor
Thinks s/he gets paid by the post
And yet wine prices have remained pretty flat here in PA. Thank the heavens for state run liquor stores!
It depends which wines you are looking at. At the mass market end of the industry, excess supply has driven prices down. In HK we also had the benefit of scraping the 70% duty which used to apply.
At the top end, the prices just keep going up:Liv-ex: The Fine Wine Exchange
It's well past the stage where the wines I purchased year's ago for future drinking are now too expensive to feel comfortable drinking :-(
Prices for this year's en primeur were insane.