Price and Quality
“It is one of the ironies of the wine market today that just as the price differential between the cheapest and most expensive bottles is greater than ever, the difference in quality is probably narrower than it has ever been. There is good and bad quality at every price level.” –Jancis Robinson, How to Taste
Doesn’t a $400 bottle of wine have to be better than a $30 bottle of wine? Not necessarily. A wine can disappoint (or surprise) you at any price, whether it’s $4, $40, $400 or more. While many great wines are very expensive today, in my opinion, not many of these expensive wines are really worth their price tag.
At Thanksgiving dinner a few years ago, Mom surprised us with a 1996 Chateau Lafite Rothschild (French Bordeaux) that set her back $400, just so that we could see what a so-called “perfect” bottle of wine rated 100 points by the experts tasted like. Now I’ll have to admit, it was a very good bottle of wine. But was it worth $400 or anything close to that price? Probably not.
In fact, later during dinner, we took the remaining half bottle of the Lafite and blind tasted it against a 2000 Columbia Crest Walter Clore Private Reserve (Bordeaux-type blend from Washington). Walter Clore is widely available at about $30 per bottle. In our blind tasting, two of the four of us preferred Lafite and the other two chose Walter Clore as their favorite.
Now if it’s worth the $370 difference for you to say you drank a Lafite, fine, but we’d rather have a case of Walter Clore for the same money ourselves.
While we’re on the subject of $400 wines, in May 2006, there was a thirtieth anniversary re-tasting of the wines from the famous 1976 Judgment of Paris Tasting, the event that really put American wines, and California wines in particular, on the map. The tasting in 1976 pitted some of California’s best wines against top French wines, and the American wines won. It was one of the pivotal events in the history of wine, not so much because the Americans won but because the experts who tasted the wines could not tell which wines came from which country in the blind tasting.
In the 2006 re-tasting, it was generally thought that the French wines would have aged better and would certainly win this time. But the American wines won again. In fact, the California Cabernets swept the first five places this time around.
The point is not that French wines are no longer that good; in fact, they are probably better than ever. The point is that there are outstanding wines made today almost all over the world, and you don’t have to pay $400 per bottle (or even more in the case of many 2005 Bordeaux) to find one.
“I don’t think there’s anything rational, or sane, about paying $750 to $1,000 a bottle for any wine. That’s one reason I stopped buying Bordeaux a few years ago. It simply became too expensive for my taste…The same market that gives us scary Bordeaux prices offers us values as well, increasingly from around the world. You just have to pay attention, strike when the opportunity presents itself, and be prepared to walk away from loved ones that become too expensive.” –James Laube, Senior Editor, Wine Spectator
The people who make money in the winery business are not necessarily the people who grow or contract for the best grapes and they are not necessarily the people who make those grapes into the best wine, but they are the people who have developed and executed a top notch, consistent program for marketing their product, selling out every vintage before the next one is ready to come to market.
They have a very unique tasting room setup in the dining room of Louie and Judy Wagoner’s log home at the winery. You’ll never feel more at home anywhere else than at Icicle Ridge. They have established a very successful wine club that is built around a myriad of special events held at the winery throughout the year. Our favorite Icicle Ridge events are their summer Jazzamatazz Concerts, featuring popular regional artists such as Darren Motamedy.
In the United States, it was somewhat similar early on, but today the wine business is inundated by the hobbyist winery owners on the one hand and the mega-winery conglomerates on the other.
As you begin to examine each wine in a tasting you attend or host, try to follow the tasting methodology below (adapted from several sources over the years, including the Wine Spectator, Emile Peynaud, and Amy Mumma, CWU World Wine Program coordinator) or something similar:
Keep in mind that the wines you prefer may not technically be the best wines, especially early on in your wine journey. And that’s fine. However, as you hone your tasting skills, hopefully you will be able to distinguish between pleasant but simple wines and truly outstanding wines.
As Matt Skinner says in Thirsty Work,
The two biggest dangers to wine are wide temperature fluctuations and high temperatures for a sustained period of time. For wines that you plan to consume in the next week to the next year, which will probably be most of your wine, a dark, low-vibration closet in a home or apartment with a normal household temperature of 68 to 72 degrees is fine. It’s also wise to store your wine flat, so that the wine remains in contact with the cork and keeps the cork from drying out. Actually, the color and thickness of the wine bottle itself are inherently a great help in protecting the wine as well.
This blog is for busy people who enjoy wine and want to be savvy wine consumers, but who do not have the time or inclination to do the research themselves. We want to be your Wine Peeps. As a regular reader of this blog, we hope that you will learn everything you need to know about selecting, tasting, and enjoying good wine. You’ll be able to impress your friends with your knowledge of wine. 