The wine industry has a generational problem — and almost nothing it believes about it is true.

Pauline Vicard runs ARENI Global, the leading international think tank on the future of fine wine. Her team studied how young people in six cities — Paris, London, New York, Hong Kong, Singapore, Shanghai — actually get into fine wine. They started with six hypotheses. Only one held up.

In this conversation, Pauline and Jon get into what the research actually says: why parents don't pass wine down (friends do), why women enter at equal rates and then disappear in their 30s, why the "$18 glass" problem is quietly killing wine's consumer base, why Succession and White Lotus have done more damage to fine wine than any health study, and why the industry's bottle-selling business model may be reaching its expiration date.

Plus — Pauline's free consulting for Jon as he opens Preface Wine: how to curate a room, why young people don't go out for wine (they go out for each other), and how to "monetize friendship" without making it feel transactional.

Guest: Pauline Vicard — Co-Founder & Executive Director, ARENI Global (https://areni.global)

Host: Jon Frutkin (@winewithjon) — lawyer turned collector turned wine bar owner, opening Preface Wine in Delray Beach, FL.