Why are some wines so expensive, and does price equal quality?
Like all industries, the price for many wines comes back to the old equation of supply vs. demand. Some wines are made from such perfectly located vineyards, in such small amounts, or only in such excellent vintages that they will always command top dollar. Others have centuries worth of fame and mystique, not to mention hundreds of great wines as the reason behind the high prices. Many of these are well earned, many are not. There will always be wines whose price tag far exceeds its quality, and while it can be difficult to tell the difference between the two, finding a great bottle of wine for a little money is part if the enjoyment. Price does not equal quality, though it can be a good indicator. Most wineries that charge an arm and a leg for their wines are only going by what the market will bear. The wineries that charge too much are usually, but not always corrected by the market with slow sales, though it seems too many California wineries today want to charge $100 a bottle righ