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Actually that one could be affected by competition too. If the market keeps driving down prices and they don't adapt, nobody will end up buying their wine becau
by throwaway984393 5y ago
Actually that one could be affected by competition too. If the market keeps driving down prices and they don't adapt, nobody will end up buying their wine because it'll cost "too much" compared to the competition. But they can fight back in ways other than price. They can gain an appellation designation which gives them more value for being unique, or they could lobby local politicians to secure more favorable terms for local taxes or distribution.
- thatguy0900 5y agoHow much is small batch artisanal wine actually subject to market forces? You can already buy decent tasting wine (or alchoholic koolaid at least) for 5-10$ a bottle. As long as the quality is good people will always be willing to pay more for it, its a luxury product.
- FredPret 5y agoEverything is subject to market forces. The extra price for luxury goods is justified by the social status it implies and by the extra quality
- deleted 5y ago[deleted]
- hcarvalhoalves 5y agoThere's a market for a 800 year old winery. Not everything has to be a race to the bottom.