Press releases about the European survey during lockdown
In the Portuguese press:
In the Spanish press:
CORREO DEL VINO
NOTICIAS DEA LAVA
EL CORREO WEB
EL CONFIDENCIAL DIGITAL
REVISTA DEL VINO
DIARIO DE SEVILLA
AREA DEL VINO
A spring without en primeur - the foreboding of a market without buyers?
Press Release - Working Paper / Fine Wines - April 2020
Covid-19 and fine wines: the ‘perfect blend’ for a severe headache?
Jean-Marie Cardebat, Philippe Masset & Jean-Philippe Weisskopf
European Association of Wine Economists
Working paper – April 2020
Covid-19 has only been officially declared a pandemic since March 11, but its effects on the economy are already dramatic. For some industries, such as the travel & leisure industry, the current crisis is likely to become the most severe since the Great Depression. In this article, we investigate the impact of Covid-19 on the fine wine market (the upper segment of the wine market). The market for fine wine is dominated by France, with Bordeaux and Burgundy accounting for close to 50% and 20% respectively of the trading activity in 2019 (Liv-ex.com, 2019). Other major players include Italy, Spain, Germany, the U.S. (for production and consumption) and China (mostly for consumption). Buyers typically include fine-dining venues – whose revenues are currently down to zero; as well as consumers, collectors and investors – whose purchasing power suffers from the economic and financial turmoil. Given the context, it appears obvious that the fine wine market will experience negative effects due to the pandemic.
But two questions remain open: how severe will these effects be? And how long will the market take to recovers?
There are two ways to answer these questions. One is based on an economic analysis of the fundamental determinants of fine wine prices. The other is based on a comparative analysis of the economic crises that have impacted the fine wine market in the past. A synthesis of these analyses is proposed before looking at a prospective conclusion on the long-term effects of this crisis.
April 2020 - Launching of a European Survey
Call for paper
We are delighted to inform you about a new Call for Papers for a Special Issues on the prestigious Regional Studies journal. This special issue seeks to explore the impact of the beer and brewing industry on regional economies and local communities. The special issue is receptive to papers pursuing these themes using a variety of methods, including literature reviews, meta-analyses, and case studies, in addition to theory and empirics, as well as papers addressing a variety of specific topics related to the broad themes. Methodological approaches that bridge the gap between qualitative and quantitative research, e.g. QCA method, are especially welcome.
Authors interested in publishing in the Special Issue should, in the first instance, submit a 400 word abstract or full draft manuscript to Ignazio Cabras (ignazio.cabras@northumbria.
Submissions will be subject to Regional Studies’ normal rigorous peer-review process. Details of journal’s publication process, evaluation criteria and style are available on the journal’s website.
If you would like to discuss a topic for the special issue prior to submitting an abstract, please get contact with one of the guest-editors for this special issue: Ignazio Cabras (Northumbria University), Ron Davies (University College Dublin), David Higgins (Newcastle University) & Dieter F. Kogler (University College Dublin).
Bordeaux Wine Tasting
Members of EuAWE board met in January, 27th and 28th in Bordeaux for the annual general assembly. They assisted to a Bordeaux wine tasting, animated by Gilles Brianceau. The report of this tasting is available for download here: