Covid-19 and fine wines: the ‘perfect blend’ for a severe headache?

Jean-Marie Cardebat (), Philippe Masset and Jean-Philippe Weisskopf

Bordeaux Economics Working Papers from Bordeaux School of Economics (BSE)

Abstract: Press reports have praised the stability of fine wine prices over recent weeks. While stock, and even gold prices, fell sharply since the beginning of the Covid-19 crisis, the Liv-ex Investables Wine index only dropped by 2 to 3%. However, we expect a sharp correction of fine wine prices over the upcoming weeks or months according to an analysis of the fundamental determinants of fine wine prices, and a comparison with previous crises.

Keywords: Wine; Finance; Covid-19 (search for similar items in EconPapers)
JEL-codes: G10 Q14 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-agr
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Working Paper: Covid-19 and fine wines: the ‘perfect blend’ for a severe headache? (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:grt:bdxewp:2020-05

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