What Determines the Value of a Bottle of Wine?

What Determines the Value of a Bottle of Wine?

Recently, I ran across an article from the Huffington Post about 12 of the world’s most expensive bottles of wine.  Some of these bottles of wine cost more than a house, several auctioning off and selling for over $300,000.  Many individuals don’t look much further past a bottle of $50 wine.  However, some are spending enough money on a bottle of wine as they would a nice house in the suburbs.

In the case of many of the wines showcased on this Huffington Post article, many of these were collectibles or special for some reason.  But there are bottles of wine readily available through sites such as Wine.com for $2,000 or more.

The real question here is: what determines the value of a bottle of wine?  What makes these wines so expensive?

When it comes to the everyday bottle of wine, the cost of it is determined by a number of factors.

* Variety of grape used to produce the wine

* Region in which the wine was made

* The year of the wine

* The producer of the wine

The variety of a wine will often lend to the value of a wine.  Most of the wines that are considered collectible and higher in value are typically red wines, such asBordeaux, Pinot Noir, vintage Port, and Syrah.  Cabernet Sauvignon and Syrah are often considered more valuable as they age, since they are higher in tannins and will often taste better when vintage.  Anything blended with brandy, such as Ports, can often last decades and will have a higher price tag when vintage.

The region in which a wine is made will also play a part in the cost of a bottle of wine.  Certain geographical areas tend to bring higher value to a bottle of wine, such as Bordeaux, California, and Burgundy.

The year of the wine is also important.  We all know that oftentimes, the older the wine, the more it will cost.  However, there are specific years that are known to be better, due to the temperatures, rainfall, and the harvesting season which can greatly affect the quality.  Bordeauxs made in years such as 1982, 1990, and 2000 are often highly valuable, as are Burgundy wines from 1990, 1996, and in 1999.

Last but not least, the winemaker, bottler, or vineyard will also place priority when it comes to the cost of a bottle of wine.  Many specific vineyards and winemakers are known for creating consistently high-quality bottles of vino, such as California vineyards such as Screaming Eagle or Romanee-Conti in Burgundy.  Knowing your quality winemakers will help you understand the higher prices that they tend to bring in for each bottle of wine.

 

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