Price is an important variable in the management of wine's marketing mix. The role that price plays in appealing to the wine consumer is intensified because of the vagaries of weather each year, which influence both the quantities produced and the quality of the grapes in any year's harvest. Moreover, due to the fact that wine is a discretionary item in regard to the household budget, fluctuations in demand are more pronounced with changes in economic cycles. The aim of this paper is to show the pricing strategies that different operators have applied in response to the unprecedented financial crisis. Although classic techniques have often been applied in the current context, we show through the use of hypothetical examples that price reactions have to be improved in order to both appeal to the consumer whilst avoiding too much damage to the image of the product.