Visual influences aside, guests were only asked to taste and guess the wine price.
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Several dozen of them make superb wine, but even in exciting, small-crop vintages like 2003 Bordeaux as a whole may simply be producing too much wine, at too high a price, for a world with so many other wine options.
Haier sold a wine cooler for half the price of the industry leader.
Moreover, if the wine tasted good for the price point, Gallo probably assumed that at least some merlot and syrah were blended in (small-percentage additions such as these are standard practice, and there are legal limits that vary by country of origin).
Tesco recently announced its support for a minimum price, but the Wine and Spirit Trade association remains opposed.
The economy was booming, so wine prices skyrocketed, some quadrupling in price.
Brewers have lately been courting the class (and cash) of the wine world with bigger bottles, heftier price tags, claims of terroir, even or, at least profound, boastful flavors.
Even with these complexities, consumers have already started to notice that the prices of some European goods have fallen, with local newspapers reporting price declines for cheese, wine and other consumables.
Southcorp, which owns the two biggest-selling Australian wine brands in America, has seen its share price increase by over 50% this year.
The reason is simple: There's too much wine out there to let the juice alone find its price.
If you don't know what a wine is, you're unlikely to pay a high price for it.
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For example, I know nothing about wine, so when I buy wine for a dinner party I determine the value solely on price.
Whether the New Zealand winemakers will survive their tough times will probably rest more with the thirst for the Sauvignon Blancs (the biggest wine crop) and the red Pinots, which claim higher price points.
But it's worth giving drinkers a little credit, since the odds of finding a tasty malbec are probably better than they are with any other wine grape, from any other country--at all price points.
Wine buyers, who pay the same percentage of the hammer price whatever the value of the sale, will see their commission go up to 22% in New York and Hong Kong and to 17% in London, Paris and Geneva.
They were crippled in their battle against the Scots by the simple fact that wine, their raw material, cost up to 20 times the price of barley.
On January 18th the sigh of relief with which the Wine and Spirit Trade Association greeted government plans to impose a minimum price on alcohol in England and Wales was almost audible.
Aside from quality, Black Box offers value at compelling price points (40% less than comparable bottle of wine is a huge incentive), and with its re-closeable twist-off cap the wine lasts from four to six weeks.
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But at the same time, Two-buck Chuck's low price means it is reaching new markets and changing patterns of wine consumption.
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For the wine drinker, buying a contract is simply a way to lock in a price (gambling it won't get cheaper with time).
Mr. Sohm believes that first and second bottles are equally important, though he noted that the second wine should "evolve" from the first in terms of both complexity and price.
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Similarly, wine and beer bought in Calais is roughly half to two-thirds the British retail price.
Enter a proposal for a minimum price on alcohol, which would see a little over a dollar extra on wine and three dollars on a bottle of liquor.
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Rather than marketing under a "Brand Australia" umbrella, the country's better wine outfits want to create a range of regional brands with quality--and higher price points--as the focus.
The court ruled the 12 had deliberately and repeatedly mislabelled the wine as one of the more expensive varieties of grape in order to get a better price from E and J Gallo.
This is a seriously good wine, the kind of wine that you keep looking at the back of the bottle to be sure you read that price correctly.
Next, you add 10 cents to the price of a pint, and a euro to the cost of a bottle of wine, which is as curious a political see saw if there ever was one.
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