Or it could be that if they doubled the price suddenly their US market would double in size - but at the same time they might lose considerable amount of their local market, which might be a bigger impact.
I imagine they try to charge as much of their wines as they can and doubling the price isnât going to increase their revenue.
Of course the US importers could try and see what happens if they increased their markup so the wines suddenly appeared expensive!
On the other hand, the single smartest moves Iâve made in my wine collecting history have been loading up on value wines that went on to age beautifully and get more and more expensive to replace. Itâs almost a cliche to warn on this board - and not without good reason - that your tastes may change. Remember that they also may not. If you are loving well balanced, non-extreme wines, I would not be so scared to do a little loading here and there if youâre feeling bullish on their future.
If anything, given that I am a regular daily drinker of balanced wines, I actually wish I had a far greater percentage of these value plays in my âcellar,â over the larger collection of special or collector wines.
This is sort of my experience as well. When I was younger I was buying less expensive wines, but wanted to age them to see how they did. I thus had a good deal of Spanish, Italian, and California wines, along with some lesser bordeaux, that aged quite beautifully â a few of which I still have and from what I can tell, are still quite drinkable. I did a similar thing with some 1990s burgundy â though some of those were a bit more expensive, but have evolved beautifully.
I think if I were going to identify one thing I did early that I wish I had dropped sooner, it was chasing points awarded by Parker/Wine Spectator etc. Some of those have turned out to be good buys â but often I was buying things I did not know well, and it turns out they were less to my taste, both then and now.
A valid point of view. But, itâs contingent on being able to identify and appreciate âwell balance, non-extremeâ wines early in the process. Early on, I suspect many want as much bang for the buck as possible to justify the additional expense from the supermarket wines that they have been buying. And unless one has a mentor or is an âold soulâ who intuits the value of balance, the evolution of taste preferences is almost an inevitability.
I am willing to give benefit of the doubt to those already participating in a wine chat forum that they are somewhat beyond the âbang for the buckâŚfrom the supermarketâ stage.
Of course you wonât hit on every choice, but I think itâs a mistake to use the worry that your tastes will change to stop you from sometimes buying a quantity of wine you love, even when youâre just starting out.
pretty much whatever you have too much of or have tired of can be sold, traded, or given away to recoup investment and plow into the next level of the passion.
I agree with Sarah on this point. Once I decided to build a small collection of wine, I went for some Loire Cab Franc, a bit of Bandol and N. Rhone, and the occasional Barbaresco or Barolo where a deal was to be had. These all constituted relative value, and generally had a track record to justify the risk. It has paid of well, in my opinion. Heck, I even have several Gonon and Rougeard bottles that are basically too expensive to drink now.
But those were researched, strategic choices. One could certainly go very wrong buying discounted or value-targeted $20 to $40 California wines with the intent of aging. I drink new world wines more often than old world currently, but value in age worthy wines is a trickier proposition overall for new world wines.
Ch. Grand Puy Lacoste is my top QPR. When I first fell in love with Bordeaux, I bought all the 96 and 00 (futures) that I could afford, and then went deep with 05. For my palate, they have always drank like wines costing twice as much, and the âvalueâ has only improved as they age. Ch. Branaire Ducru is also a favorite QPR.
So for my tastes, when you factor in quality, price, and the ability to improve with age, nothing compares to Bordeaux.
Well, we are learning about wine and sometimes that is a painful process, and sometimes you wonât love everything you drink just as a student wonât love everything they study.