+1. That's why folks go nuts when the occasional 15 dollar wine scores in the mid-90s. Do some blind tasting yourself. The pricier wines often rise to the top, but not always!
-IB
"Wine only turns into alcohol if you let it sit."---Lindsay Bluth
Posts: 6208 | Location: Naptown | Registered: Nov 24, 2006
I don't see why price would matter, but what do you mean by "classes" of wine? Were you using that as a synonym for price or do you mean something like region?
Posts: 800 | Location: NY | Registered: Dec 09, 2007
By "class" I simply meant price class ($10, $20, $30, etc.) To the extent that you pay attention to ratings or buy on that basis, it is hard to accept paying $50-60 for a bottle rated 92-93 when sometimes you can find a $12-15 bottle with the same ratings. I tend to buy varietal, terroir, winery in that order before considering ratings alone.
quote:
Originally posted by GregT: I don't see why price would matter, but what do you mean by "classes" of wine? Were you using that as a synonym for price or do you mean something like region?
I'm sure others will chime in, but many times I think that extra cost may not get you a better tasting wine now, but gets you a wine that is built to age and will give a much more unique, and some would say rewarding experience down the road.
Things like new oak barrels, and aging time in them aren't cheap, which is usually reflected in the price. For many, a 92 point "drink it now" experience simply doesn't compare to a well aged 92 point bottle (given by the same reviewer) that had been built to go for 20+ years.
-IB
"Wine only turns into alcohol if you let it sit."---Lindsay Bluth
Posts: 6208 | Location: Naptown | Registered: Nov 24, 2006
OK. So you used "class" in relation to price. Then it shouldn't matter at all.
There are many things that account for additional costs - high prices of vineyard land and/or grapes, high prices for consulting winemakers, high prices for elaborate bottles and labels, high prices for attorneys if you are just starting in the business, etc. The guy who buys land in Napa today and wants to make wine will be investing a lot more than the guys who bought back in the 1970s and planted back then. And Napa is probably more expensive than Bordeaux.
But all of that doesn't raise the price of the wine to what you finally pay. At a certain level, and it's fairly low, you're not paying for the inputs anymore.
After a certain price, wine becomes a Veblen good. Consequently, there is no reason at all that you can't find a $18 wine as good as an $80 wine. It's why you should do blind tasting once in a while.
Here are some figures from Jancis Robinson. Check out the table on the bottom of the page. It's from 2001, but you get the point.