Wine Prices Heading Down?

Excellent piece in the New York Times today about the slow decline in pre-arrival prices for Bordeaux wines. The prices are still much too high given the giddy heights they reached in 2005, but perhaps an extended recession will provide the downward pressure needed to bring them back down to earth. That having been said, I doubt I will be in a position to afford a case of first growths ever -- the demand and awareness is just too great and very different from the early 1960s and 1970s when they were relatively unknown to a broad audience of wine-drinkers.