What determines the future value of an icon wine? new evidence from Australia
To what extent can the future price of icon wines be anticipated from information available at the time of their initial sale by wineries? Using a seemingly unrelated regression model we show that weather variables and changes in production techniques, along with the age of the wine, have significant power in explaining the secondary market price variation across different vintages of each of three icon Australian red wines. The results have implications for winemakers in determining the prices...[Show more]
|Collections||ANU Research Publications|
|Source:||Journal of Wine Economics|
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