Fine wine prices slide for third year in a row as tariffs and stocks sap demand

Fine wine prices slid for the third straight year as Trump-era tariffs chilled US demand and investors chased hotter returns in stocks and gold.Wine prices fell 2.8% this year through the end of November, according to Liv-ex’s Fine Wine 100 index.Bordeaux was down 6.6%, Burgundy down 4.4%, and vintage Champagne down 4.3%, the data cited by the Financial Times showed.Recent Bordeaux releases have been among the weak spots, the FT reported, pointing to the 2021 vintage — viewed by critics as “decent but unspectacular.”Château Mouton Rothschild 2021 was down 5.2% this year to around $4,471.20 for a case of 12 bottles.Château Haut Brion fell 11.4% to $3,645 per case, the report said.Château Ausone’s 2021 vintage fell 34% to $4,193.10, the Financial Times reported.“It’s been brutal,” Justin Gibbs, deputy chair and exchange director at Liv-ex, told the outlet.“In previous [market] declines there have been bright spots.

But in this particular bear market, it’s been everything.”The pullback has dragged fine wine prices back to roughly where they stood at the end of 2020, erasing most of the pandemic-era surge that peaked in late 2022.The slump has coincided with a booming stock market as technology shares and gold have drawn investors away from alternative bets such as wine.President Donald Trump’s tariffs on imports have also proved to be a major headwind.Morning Report delivers the latest news, videos, photos and more.

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Never miss a story.His 15% levy on EU imports hit the market hard, with the value of fine wine purchases by American buyers down about 44% this year, according to Liv-ex.Bordeaux’s spring “en primeur” campaigns — when new wines are scored by critics and sold before bottling — have fallen flat, the FT reported, describing the futures market as a bellwether for demand.The ma...