Chris Doty wrote: ↑09:37 Sat 22 May 2021
So...burgundy is crazy expensive. So is Bordeaux. So is Napa. Been to champagne lately?! Piedmont?! Germany?! So if the entire wine world is cray expensive ... and port is dirt cheap...
aren’t we making my point?
No.
Those places are overpriced, driven by people with more money than sense that lack a broader knowledge of wine-producing regions around the world (i.e., they are ignorant of the fact that fantastic wine can be found in many different regions, at all sorts of price points and in all sorts of styles). This is then compounded by opportunists and wine brokers, that buy to sell, further driving up prices.
Port is priced fairly (the fact that those prices don't then 'trickle down' to the price at which big Port houses buy their grapes is a topic for another time). Except for 'regular' vintage Ports from brands that now have super-mega-premium Ports (your Stone Terraces, Capela, etc) - these are now overpriced.
Think about it:
- these premium Ports are made from the allegedly best plots;
- so before they came about the grapes from these plots were going into the 'regular' vintage Ports;
- which means that 'regular' VPs are now made without the grapes from the allegedly best plots, so, technically, the average quality of the grapes went down;
- they remain at the same price, though.
'Regular' VPs from shippers with premium VPs are now overpriced, QED.