cazalea[Seiko Moderator]
17087
Unlikely Rolex or Patek "on sale" but wine prices falling thru floor
Apr 02, 2020,10:32 AM
Local deals seem to be around $100 a case delivered for wines selling normally from $20-40 a bottle.
I think this coronavirus thing may fundamentally alter the way our favorite beverage is produced and distributed ...
With all the restaurants closed, how can they get paid for the many many cases sitting in closed cellars that were taken on 30-60 delivery terms? Or get them all back? What good would that do?
One of our local distributors has 1000+ cases in stock or "on the water" coming inbound. Too late to stop it from arriving - what can he do?
I know Bill's cellar was full, but I had let mine lapse and have picked up 10 cases just to keep my local pals in pocket cash
How is it in your areas?
Cazalea