I am aware that it’s been a long, oh, I don’t know, five whole minutes since I last talked about a Fix.com article, but the fine folks over at that website have seen fit to publish yet another of my modest attempts at edu-taining the wine soaked masses yearning to be… well… edu-tained.
And so, because I’ve nothing more pressing to do (this nanosecond, anyway), I point you to my Fix.com take on wine prices (why they are what they are, and roughly what to expect with each increasing price band), titled Behind the Tag: The Scoop on Wine Prices. Once again, Fix.com’s images make my words look good.
In the attempts penned to answer the question “why does a wine cost what it costs?” I’ve yet to find any version that cannot be boiled down to the following answer: “because that’s what they think you’ll pay!” Of course, that’s not long enough for a standard article, but the devil’s in those pesky details. And the details are particularly, interestingly, peskily devilish. Like a black hole, a wine’s price incorporates a whole lot of data that isn’t necessarily visible (at least, not at first).
Also interesting, I think, is that the subjectivity of a wine’s upper price point (after normal economies of scale are taken into account) is the entire reason why wine critics have any power whatsoever (think about it…). We often talk about the diffusion of wine criticism, and the dwindling power of traditional wine coverage, but rarely do we make the mental leap to connect that decrease in critics’ power to the increase in wine quality at all price points (itself most probably a result of the earlier efforts of critics calling wines on the carpet… but now we’re well into black-hole-event-horizon-crazy recursive-ness, Interstellar style, so let’s just shut up about it now). Better quality products naturally require less direct critical assessment of their quality, after all.
Anyway… the full Fix.com infographic take on wine prices is embedded below after the jump. Enjoy!