Forget Bordeaux, Fine Wine Never Comes Cheap
While there are many factors that determine the pricing of fine wines, buying them will always cost
you a pretty penny.
Often, many of these fine wines don’t merit their price tags but anyone who has
had any...
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Forget Bordeaux, Fine Wine Never Comes Cheap
While there are many factors that determine the pricing of fine wines, buying them will always cost
you a pretty penny.
Often, many of these fine wines don’t merit their price tags but anyone who has
had any education in simple macroeconomics shouldn’t struggle to realize why buying fine wines will
never come cheap.
It is a simple matter of scarcity.
As the British comedian John Oliver explains it,
albeit with tongue firmly in cheek, when joking about a recent Harvard University multiple choice
economics exam.
.
.
“Kenya has two apples.
The United States wants those apples.
How many apples does Kenya have?
A) No Apples”
The simple fact is, if Bill Gates, poor example he looks like a white zinfandel drinker; if George Soros,
Richard Branson, or anyone from Dubai whose name starts with Sheik decide that they will only be
serving and drinking Chateau Margaux, this already expensive wine will reach epic pricing points.
Exaggerated example
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