Wineonomics: Why Wines Cost What They Do-Part 1

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? And is is WORTH it?If you’ve ever been stumped (or frankly a little annoyed or even turned off) at why bottles are priced they way they are, I’m here to shed some light on the elements that factor into how wine is priced. With a little clarity, you can feel better about grabbing that bottle… whether it’s $10, $100 or anything in between (or beyond!)There was so much to simplify for you on this topic, that I split into 2 parts- This week we cover the first 3 elements that affect the COST of production of wine which has a direct correlation to the PRICE of that bottle. I’ll talk about:Farming Volume/Production SizeWinemaking and agingTune in next week for rest of what influences pricing! Get my Wine Tips Cheat Sheet here: https://www.sipwithnikki.com/resourceIf you'd like to Support the Podcast, you can buy me a glass of wine or our producer Kathryn a bourbon) we would be so grateful!You're invited to purchase my meticulously priced Sollevato Sangiovese here. Please consider Rating, Reviewing and Following Us on Apple Podcasts!“Delightful and fun. Now I love my Monday Commute” (kpjscarbs). Sound like you? I’d love for you to leave your own review!How? Click Here, scroll to the bottom, tap to rate with Stars and select "write a review" and let us know what you loved most about this episode! If you haven't already, please FOLLOW the podcast! We have so many more exciting episodes coming out, and if you're not following you might MISS then! Click here to Follow! Questions, suggestions and guest requests? [email protected] a Listener Question and get a SHOUT OUT in a future episode!