"Like fine cognac and expensive whiskey, wine is a liquid luxury. For the most part, it is an attainable extravagance that most wine lovers can purchase and enjoy. However, exceptional vintages from premium producers will sell for top dollar beyond the price most oenophiles can afford. While the suggested retail price of a typical bottle from these ultra-premium producers, such as first-growth Bordeaux, may be a few thousand dollars, the most expensive of these extraordinary wines have gone for hundreds of thousands of dollars."
"There are several factors that contribute to the high prices these selections command. Their limited availability drives up demand, as does the pedigree of the vineyard and terroir, the provenance of the winery and reputation of the winemaker, and the age or age ability of the wine. Add in an interesting backstory or historic significance, outstanding quality of the vintage, and rarity of the selection, and auctioneers will have paddles flying"
Exceptional vintages from premium producers can sell for hundreds of thousands of dollars despite most bottles being affordable for wine lovers. Several factors drive these sky-high prices: limited availability, vineyard pedigree and terroir, winery provenance, winemaker reputation, and the wine's age or ageability. Additional drivers include historic significance or compelling backstories, outstanding vintage quality, and extreme rarity that ignite competitive bidding at auctions. One notable example is a 1907 Heidsieck & Co. Monopole Champagne, listed at $275,000, where thousands of bottles survived long-term ocean storage after a 1916 shipwreck and were rediscovered in 1998.
Read at Tasting Table
Unable to calculate read time
Collection
[
|
...
]