Wineonomics: Why Wines Cost What They Do-Part 2

Sip with Nikki

This is PART 2 on this topic- if you missed last week’s episode on this topic- start there!

Is there really a difference between a $10 bottle of wine and a $100 bottle of wine?

And if, so, What the HECK is it?

If you’ve ever been stumped (or frankly a little miffed) at why bottles are priced they way they are, I’m going to shed some light on the specifics that factor into how wine is priced- so you can feel better about grabbing that bottle… whether it’s the $10, the $100 or anything in between.

There was so much to simplify for you here that I split into 2 parts- In this week's conclusion, we cover the last 2 elements that affect the COST of production of wine which has a direct correlation to the PRICE of that bottle.

They are:

• Packaging and label specifications- you learn one of my favorite nerdy wine terms here...
• The more Ambiguous factors- Perception, reputation and Hype!

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