US fine wine market larger than thought
US fine wine market larger than thought
Jul 11, 2012 6
(TheDrinksBusiness) - The US fine wine market is significantly bigger than many believe according to Vinfolio chairman Jean-Michel Valette MW. Speaking at the Fine and Rare Specialist course at Vienna’s Palais Coburg on 29 June, he said that annual US fine wine sales through retailers amounted to US$3.2 billion, before commenting, “The US is a larger fine wine market than people think”.
Jean-Michel then gave a detailed analysis of the make-up of the US fine wine market, and explained that the $3.2bn figure was defined as wine sold for over $50 a bottle at retail.
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