tag:blogger.com,1999:blog-9210235767643862872.post2910022750150302898..comments2024-03-18T04:47:16.199-07:00Comments on The Gray Report: What does "value" in wine mean to you?W. Blake Grayhttp://www.blogger.com/profile/17755307711801965966noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-9210235767643862872.post-23949228064829567892016-03-19T02:00:31.085-07:002016-03-19T02:00:31.085-07:00Here's one way to consider the question.
Calc...Here's one way to consider the question.<br /><br />Calculate how many minutes/hours of work (compensated at your pro rated vocational wage/salary/fee) it would take you to procure a single bottle of wine under consideration.<br /><br />Then, upon drinking it, ask yourself: would you willingly expend that same number of minutes/hours to procure a second bottle for drinking?<br /><br />If yes,Bob Henryhttps://www.blogger.com/profile/02089688073031173053noreply@blogger.comtag:blogger.com,1999:blog-9210235767643862872.post-5667909618295610072016-03-17T13:04:54.000-07:002016-03-17T13:04:54.000-07:00A non-wine geek friend once asked me how it was po...A non-wine geek friend once asked me how it was possible for a $30 dollar bottle of wine to be 15x better than a bottle of 2 Buck Chuck. My 2 part answer (both then and now) is:(1) because it is better (objectively better crafted in the vineyard and cellar which certainly costs more, better scores by critics and I like it better-- the latter factor being the most important) and (2) I can afford Andyhttps://www.blogger.com/profile/16573267840182461358noreply@blogger.comtag:blogger.com,1999:blog-9210235767643862872.post-16867055066972553252016-03-16T15:33:20.509-07:002016-03-16T15:33:20.509-07:00A wine has value when it exceeds the drinkers expe...A wine has value when it exceeds the drinkers expectations.Mescaletchttps://www.blogger.com/profile/00003451564927522617noreply@blogger.comtag:blogger.com,1999:blog-9210235767643862872.post-37659279296437324842016-03-16T09:49:05.391-07:002016-03-16T09:49:05.391-07:00Because we look at quality without making a value ...Because we look at quality without making a value judgement, I came up with The Quality Threshold as a way to help WSET students navigate quality in relation to the price of wine. Your threshold is like your fingerprint, its unique to you, and the range where quality and price are aligned is your threshold or the sweet spot if you will. Wines that don't meet expectations for quality at DeborahParkerWonghttps://www.blogger.com/profile/06114151199408622242noreply@blogger.comtag:blogger.com,1999:blog-9210235767643862872.post-73930251156489161622016-03-16T09:40:36.288-07:002016-03-16T09:40:36.288-07:00Great topic. Two commments: Relativity & Expe...Great topic. Two commments: Relativity & Expectations<br /><br />Relativity: Compare wine spending to the emotions of gambling. Often I see "high rollers" betting $3000 on a hand...when I talk to them, it's clear that level of risk makes the game fun. For me, I love a $5 table, and am thrilled when I walk away with $75. If you're a "one percent-er", of course Anonymoushttps://www.blogger.com/profile/17822512486353507664noreply@blogger.comtag:blogger.com,1999:blog-9210235767643862872.post-47708700317716193542016-03-15T14:49:11.130-07:002016-03-15T14:49:11.130-07:00Interesting question. My view has evolved regardin...Interesting question. My view has evolved regarding restaurants, primarily b/c it's harder to mark up more expensive bottles x3 and still move them for most places (not talking about Asimov land). So, if you're willing to spend $70-80 you're probably getting a "better" wine than a $40 bottle that retails for $10, per your example. <br /><br />That's my subjective, "Unknownhttps://www.blogger.com/profile/09784233559120881295noreply@blogger.comtag:blogger.com,1999:blog-9210235767643862872.post-9249946933554570212016-03-15T08:15:15.700-07:002016-03-15T08:15:15.700-07:00To paraphrase the CEO of Cartier: "Nobody bu...To paraphrase the CEO of Cartier: "Nobody buys a $10,000 watch to find out what time it is." And that is the element that always affects our perception of value. Paul Wagnerhttps://www.blogger.com/profile/05607991388118421235noreply@blogger.comtag:blogger.com,1999:blog-9210235767643862872.post-30203114281599067962016-03-15T04:22:25.654-07:002016-03-15T04:22:25.654-07:00The issue is not whether a $200 wine offers value,...The issue is not whether a $200 wine offers value, but that we aren't taught to look for value when we buy wine. We're taught to buy by scores and prices, and to be happy with those guidelines. So cheap wine is lousy, expensive wine is good, the critics know best, and value doesn't matter.<br /><br />The other thing to note here is Asimov's crusade (maybe too strong a word, maybe Jeff Siegelhttps://www.blogger.com/profile/16612139907510650419noreply@blogger.comtag:blogger.com,1999:blog-9210235767643862872.post-36720189729132124082016-03-14T20:14:03.585-07:002016-03-14T20:14:03.585-07:00So if a Chianti (or whatever) retails for $153 to ...So if a Chianti (or whatever) retails for $153 to $200, and is $250 in a restaurant, that's a good value. Well, if the wine is excellent. <br /><br />Since when must "good values" be just for inexpensive items?<br />Jack Everitthttps://www.blogger.com/profile/02147956932551396362noreply@blogger.com