Fine Wine Auction Prices Continue To Climb
Wine prices are subject to supply and demand, just like anything else. Of course, with inflation starting to rear its ugly head, can the price increase of everything be attributable to that? I mean, we are in a great recession and people are going to look for lower prices especially if they believe they are going to be out of work soon. Sure, I get that products like alcohol are fairly recession proof. But there is only so much increase you can get away with. Even in the auction world, fine wine auction prices continue to climb. Again, is this attributable to inflation or simply more people are purchasing wine in this format?
