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How Much Should You Pay for Wine?
from: Maxx Guide to WineThe price of fine wine depends on the type of wine you choose, however, quality doesn't necessarily mean expensive.
If fact, you can still find good wine for five dollars a bottle. Experts group wines in the $5-7 per bottle price range together, $8-12 a bottle in a second group and wines priced above $12 in a third group.
Wine makers and bottlers usually consider several factors when determining the price of their wine. The region where the wines is produced -- the appellation of the wine -- has a major impact on the price of the wine and is more reliable than taste rating scores.
Some consumers purchase wine not really knowing much about the quality relative to other wine choices. Wine prices are related to the quality and can be determined by the information printed on the wine label, which will show that the price is dependant on its appellations.
Napa and Sonoma county appellations in California, have a heavy influence yet this doesn't give much to the wine's variety when compared to other specific appellations. On the other hand, wines from Sonoma and Napa usually have a high tasting characteristic.
Some appellations raise the wine's value substantially. A bottle of wine labeled Napa Valley is priced about 20 dollars more, on average, than wine with a California appellation. Appellations that contain the highest premiums are usually situated within Napa Valley. Once a wine maker qualifies for a specific appellation, such as doing blending changes, they'll see a considerable payoff.
The wine's age also has an impact on the price. In general, an extra year of wine storage equals a specific increase. However, this doesn't apply to all wines. Age is important for Merlot and Cabernet but has no impact on Zindafel wines. In addition, some varieties of wine grapes will have a direct impact on wine prices and some don't.
Fine wines have an expensive price tag. The marketplace continues to debate what determines a fair cost for wine. The bottom line is that a wine, as in real estate, is worth whatever a person is willing to pay for it.
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