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Jean-Marc Figuet, Professeur d'économie, Université de Bordeaux

How Bordeaux wine estates price their bottles

Bordeaux Robert Parker European Union United States Economics
On wine-rating platforms, amateur ratings better explain the price differences of bottles than professional scores. JuanGarciaHinojosa/Shutterstock

Research in economics has unravelled the workings of the complex market for Bordeaux wines, in which perceived quality, historical reputation and critical reviews are intertwined. The question of how bottles are priced is all the more relevant amid a crisis for the Bordeaux industry, which is facing the threat of higher US tariffs on EU exports.

Reputation, ranking, vintage and climate

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