What Affects the Price of a Bottle of Wine
Wine has a huge gap between the highest and lowest prices, even in less expensive stores like Trader Joe’s or Costco. If you are not a wine lover, you may be wondering why there is such a wide gap. That’s what really determines how much a bottle of wine costs.
Most people don’t spend big bucks on the wine they drink every day, and honestly, if you don’t like wine, you probably shouldn’t be wasting your money on an expensive bottle. But if you choose something nicer, you want to know what you are paying for. Wine Director Tony Deluca outlines the factors that make some wines significantly more expensive than others:
- Location : The land where the grapes are grown affects the taste of the wine. Some regions have grown tastier grapes for centuries, so their grapes are more expensive.
- Weather : Good or bad weather changes the number of grape varieties available this year, which can boost demand and drive up prices for certain crops. Different regions also experience different weather, which can affect the growth of grapes.
- Individual winemaker methods : What the winemaker decides to do throughout the entire production process affects how the wine is made and how it tastes, from which grape variety they use to which barrels they use to age the wine.
There are other factors common to any product, such as shipping, packaging and marketing costs, but those listed above are the main factors that affect the price of your favorite bottle of wine. If you do decide to splurge on a bottle, check where the grapes came from so you know that you are paying for something that really influences the taste, not just a pretty label.
What You Need To Know To Buy Really Good Wine From A Sommelier | Financial diet