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Wine Market Cooling But Passion Remains | Art News
The wine market’s wild ride is over — prices have crashed after years of speculative frenzy fueled by low rates and pandemic hype. While the broad market cools, top-tier bottles and cellars still command attention, especially when tied to passion and purpose. Young collectors now crave experiences over hoarding, seeking vineyard tours and winemaker meetups. At a recent Burgundy charity auction, just 14 lots netted nearly 300K euros, including a magnum of Domaine Leflaive for 46K — proving quality and story still sell, even in a more selective age. Auction houses are pivoting to offer deeper…
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