Two most important factors in choosing wines are price relative to quality. Quality Price Ratio is a term that industry people, collectors and simple wine enthusiasts look for consciously or subconsciously when buying wines. Independent reviews lend a hand to oenophiles by slapping a 0-100 point score on a wine, but is there really a difference between a 90 point wine at $20 and a 90 point wine at $100? Is the difference substantial to warrant such a difference and is the enjoyment? When a wine buyer selects inventory for their store, QPR and availability should be the two largest factors in their buying decisions. An inexpensive wine is only good if it passes a set of criteria that gives it credibility as a "best buy." Best buy wines are characterized as "bang for your buck" and exhibit the characteristics of the wine varietal with excellence at a relatively low price point. In the coming weeks as we enter the full swing of Fall with High Holidays, Thanksgiving, Christmas and New Years (just to name a few), step into your local retailer, and ask the question... "I am shopping for price and quality, where is your best buy in Red, White or Sparkling?" If they can't answer you with reason, you are buying wine at the wrong place. As a wine enthusiast, you'll secretly be toasting success at the next dinner party.
Monday, September 21, 2009
Celebrity Wines & the Price Quality Ratio Conundrum
Two most important factors in choosing wines are price relative to quality. Quality Price Ratio is a term that industry people, collectors and simple wine enthusiasts look for consciously or subconsciously when buying wines. Independent reviews lend a hand to oenophiles by slapping a 0-100 point score on a wine, but is there really a difference between a 90 point wine at $20 and a 90 point wine at $100? Is the difference substantial to warrant such a difference and is the enjoyment? When a wine buyer selects inventory for their store, QPR and availability should be the two largest factors in their buying decisions. An inexpensive wine is only good if it passes a set of criteria that gives it credibility as a "best buy." Best buy wines are characterized as "bang for your buck" and exhibit the characteristics of the wine varietal with excellence at a relatively low price point. In the coming weeks as we enter the full swing of Fall with High Holidays, Thanksgiving, Christmas and New Years (just to name a few), step into your local retailer, and ask the question... "I am shopping for price and quality, where is your best buy in Red, White or Sparkling?" If they can't answer you with reason, you are buying wine at the wrong place. As a wine enthusiast, you'll secretly be toasting success at the next dinner party.
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