OK, that was of no help, I know that. But the truth of the matter is there are many factors that affect the price of a wine. Chief among those factors is scarcity: nothing like unbridled demand coupled with a fixed, and hopefully limited, supply to drive a wine’s price into the stratosphere!
Other factors include the prices of comparable wines, competing wines from around the world, as well as a wine’s track record for quality and ageing. Counter-intuitively, one of the factors that contributes to a wine’s high price is the likelihood of that price increasing further in the future. Thus the wine’s ability to improve over time plays a big role in how expensive a wine gets.
Petrus is about as famous a Bordeaux as you can find. It’s a relative newcomer to the ultra-premium world of hyper-expensive Bordeaux. Just 50 years ago, no one really cared much about Petrus, but then word spread. The news got out about this exceptional Merlot from Bordeaux’s Pomerol region and prices soared. How high? The 2006 vintage is selling for around $1,500 a bottle and up.
There is no substitute for Petrus, but La Vielle Cure from Fronsac, also in Bordeaux, is a very nice wine, affordable at under $30 a bottle and a fine example of a Merlot-rich (about 75%) Bordeaux blend.
I recently spoke of Le Pin, even more expensive than Petrus! This is primarily due to the low yields from this tiny vineyard. While Petrus might produce 4,000 cases a year, Le Pin’s production is closer to 500. This bottle of pure Merlot, also from Pomerol, vies Petrus for top pricing honors each year, squeaking out a win in 2003, besting Petrus’s $1,500 or so a bottle by several hundred dollars.
Domaine de la Romanée Conti is the most expensive wine producer in what tends to be the most expensive wine region in France -- heck, in all the world. Burgundy is rare, fickle and, when it’s good, exceptional. It’s no surprise that the wines of Burgundy would be included in this list. The inheritance laws have broken up vineyards into ever smaller plots; restricting supply as each producer vilifies and bottles their own small slice of the coveted crus.
In the case of DRC, supply is not exactly the problem. Now that is not to say that production is huge (it’s obviously not), but there is a fair amount of wine to go round. The most expensive red wine from the DRC line-up is the wine from the Romanée-Conti vineyard, where annual production hovers around 500 cases. A bottle of the 2006 will set you back some about $5,000, if you’re lucky! Looking to experience DRC on a budget? Good luck. The least expensive offering in 2006 is the Echezeau bottling, which is clocking in at close to $400 a bottle. A bargain!
White Burgundy are the most highly esteemed, most expensive white wines on the planet, so of course they have to be included here. Funny thing though, you can probably guess whose is the most expensive. That’s right, DRC’s Montrachet tops the pack, coming at a cool $2,500 a bottle. But if you want a really exclusive bottle, try and find DRC’s Batard-Montrachet. You’ll have to be wily as a fox. DRC only produces a single barrel, about 80 cases, and keeps the wine for its own use. But if you can get a bottle it could be worth beaucoup bucks! There are no affordable substitutes, facsimiles, or approximations of DRC wines.
Guigal Côte Rôtie La Landonne
The Northern Rhône is home to a few super-expensive wines. Old vines difficult to work and self-imposed production limits, like the 1,000-case cap Guigal places on the three La-La wines (as they’re known), help to drive price up. This 100% Syrah from a single vineyard, called La Landonne (the other two La-Las are La Turque and La Mouline), not only has a track record spanning five decades, but the wines continue to pull collectors’ heart- and purse-strings. A relatively affordable $300 a bottle for the 2006 means La Landonne will continue to be a sought-after, affordable, ultra-premium wine. For other folks.