How much does it cost to taste a fine wine? Wine prices vary greatly. Quality, however, does not always mean the wine will be expensive. Or, that a pricey wine will live up to it’s price tag.
According to Karen MacNeil, a known author and wine teacher of The Wine Bible, good bottles of wine can be found for about five dollars per bottle. MacNeil, grouped the wines into three categories: wines priced at $5 to $7, wines priced at $8 to $12 and wines $12 and up.
Most wine makers and bottlers consider several factors in determining the price of wines. The area where the wines are produced or named as the appellation of the wine provides a considerable impact on the price of the wine. This is far better than available tasting scores.
When consumers buy wines, they really have no clue about the quality of the beverage relative to its competitors. Wine prices are strongly correlated with the quality of the grapes used, which is assumed by the wine consumers. This perception is significantly persuaded by whatever information is printed on the wine label. Research also reveals, wine prices are greatly impacted by its appellations.
For instance, Napa and Sonoma county appellations strike important impacts, yet it did not give a lot to the wine’s certain variety as compared to other specific appellations, although wines coming from Sonoma and Napa generally tend to show high tasting characteristic.
Some certain appellations radically raise the wine’s value. A bottle of wine labeled Napa Valley costs around $20 more on the average compared to a wine with California appellations. Appellations containing biggest premiums are mostly situated within Napa Valley. These facts can be suggested to wine makers worldwide that once they qualify for a specific appellation, for instance, doing blending changes, they can obtain a considerable payoff.
The age of the wine also impacts the price of the wine. Generally, an extra year of wine storage equates to a particular amount. However, this factor does not apply to all wines. Age matters for Merlot and Cabernet, while it has no impact on Zindafel wines.
It has been a fact that fine wines carry expensive tags. The market is debating about what certainly makes up a fair cost for wines. For wine makers and consumers, wines are worth what the person is agreeable to shell out for it.