Expensive wine about to get more expensive. Sigh.

18 Oct

European 2012 vintages are going to be scarce due to a poor harvest. According to news sources, “drought, frost and hail have combined to ravage Europe’s wine grape harvest, which in key regions this year will be the smallest in half a century, vintners say”. (Climate change! It’s happening, people!)

The upside for European vintners? There may not be many grapes, but the grapes they managed to harvest are Quality. According to a winemaker interviewed by Businessweek: “It is not a bitter [year] when it comes to taste. The quality of the wine produced will be good as it is expected to be more concentrated. ‘When it comes to quality, we are looking at a good year,’ Coste said”.

This is simple supply and demand, dear readers. When supply goes down, price goes up. Add to this rarity the cachet of a particularly good vintage… well, here’s to hoping you land on Park Place.

(Note: We here at P&P fully support wine snobbery, but we tend to be snobby in the $15-$25 a bottle range.)


One Response to “Expensive wine about to get more expensive. Sigh.”

  1. Can I Get ur Number?? October 19, 2012 at 8:08 pm #

    You can often find me in line at Trader Joes holding no less than 3 bottles of $2.99 cab. so there’s always that option…

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