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While price have led to many Agita in the wine world, part of the industry has seen a recently silver lining: the secondary market. A major wine dealer has experienced a large bump on sales, and others predict that their business is starting to really warm up as current inventory decreases and higher prices come into play not only imported wine, but the entire market. While the basic price of 10% of America on all imported goods is much lower than that of 200% President Trump Threatened with European wine and spirits, the 20 additional prior prices on the goods of the European Union which should enter Vigue restaurateurs and wine retailers in shock. But it also creates opportunities.
The deployment of the Trump administration's erratic tariff added to approval, which made producers, wine regions and even entire nations rethink their wine export strategy on the American market. “Until there is a clarity to know if the price will in fact be implemented, and at what rate, it is impossible to predict the impact on Italian wine exports to the United States, “said Matteo Zoppas, president of the Italian commercial agency.” What we know with certainty is that the prices are harmful, whatever their form. Even the simple announcement creates an uncertainty of the market. »»
Despite the importance of the American market for their results, Italian wines producers explore export to other countries if necessary. Although there are still a lot of Italian wine in the shelves and on the wines of wines in the country, because prices related to prices increase consumers, the total quantity of Italian wine in the United States can start to decline. This effect will be seen in other European countries producing wines such as Spain, France and Germany, as well as for any other country in the world whose products are also imposed on entry.
Italian wine, in particular the bottles of Piedmont, the house in Barolo and BarbareSco, and Tuscany, the country of Brunello, Chianti Classico and Super Tuscans, is among the most sought -after categories in Unicorna great spirit auction House which is expected to do between 10 and 15% of its annual wine company of $ 50 million this year. The CEO and co -founder of Unicorn, Phil Mikhaylov, says Robb report That other areas that are traditionally strong on the sales market, such as Bordeaux, Burgundy and Champagne, also see a lot of interest “while collectors seek to secure wines already in the United States before additional volatility affects access or prices”.
The shelves are not yet sterile.
Deb Cohn-Orbach / Universal Images Group via Getty Images
Many wine importers are retaining from the United States until they have a better idea of the situation, causing a vacuum that can be completed by the secondary market. “We have seen a significant increase in the interest of buyers who seek to secure European wines that are already in the United States, especially among collectors who are concerned about potential delays or price increases,” explains Mikhaylov. “The uncertainty concerning the prices and disturbances of the shipment made the provenance and immediate availability even more important.”
While Christie's did not see the immediate bump of sales rated in Unicorn, Paul Tortora, international director of the wines of the auction house, says that “know that collectors are looking closely at the situation”. He stresses that with an unclear image on the final price of wines that are not yet on our coasts, “the action based in the United States offers both immediacy and certainty”. The unpredictability which causes volatile oscillations on all the main markets has wine collectors by considering their supply methods. “We see warned buyers rethinking strategies, looking for wines with a strong provenance, a shipping logistics and a long -term value,” explains Tortora.
The moment of strike really seems to be at the moment. “For collectors and investors looking for solid cases of vintage and very durable wines, Europe is often the only source.” said Dave Parker, CEO and owner of Reference wine group. “With the current price of 10% on these wines, costs will clearly increase here in the United States over time. Due to the main inventory that we hold that we have caused before the prices, we will try to minimize price increases for short -term consumers, but they are inevitable unless the prices are removed. ” HAS EggA luxury storage and logistics supplier for fine arts, fashion and wine, the director of wine sales Ian Dorin cites the overall uncertainty of the market as a deterrent of a feeling of consistency on the wine market, whether primary or secondary. “I think the high -end of the market could be a bit out of date until we can see a certain stability in the financial markets,” explains Dorin Robb report, Stressing that “secondary market prices increase when interest rates are low”, which is a possibility if the federal reserve reduces rates.
Until then, Dorin says that he will monitor the market closely on behalf of its customers. The Tortora de Christie provides the resale market which warmed up while the price implementation goes from rumor to reality. “If the prices persist, we can also see an increased activity at auction while collectors seek to capitalize on high quality American cellars,” he said. Meanwhile, warned buyers recognize the advantage of the purchase of wine which has already made its way to our country without the additional charge of price increases induced by the prices. In the current tariff climate, many initiates are tactful to find ways to cover their positions.
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