The Cork & Fizz Guide to Wine
Ep 48 What Factors Influence the Cost of Wine?
Does price matter when it comes to a bottle of wine?
Is a $10 bottle really that different from a $50 bottle of wine? What about a $50 bottle versus a $500 bottle? And what goes into the cost of wine anyway?
I’m breaking it all down in today’s episode! From costs involved in grape production and harvesting…to the markups added by distributors, wine shops and restaurants. I’m sharing the many pieces involved that make up that final price of your favorite bottle of wine.
I’m also digging into the additional elements that contribute to wine pricing. These include the impact of supply and demand, skill and experience of the winemakers, and prestige associated with different wine regions, among others!
So, if you are curious what goes into the cost of your favorite bottle of wine, or you’ve wondered why wines are priced the way that they are, press play and listen in!
Percentage breakdown for a domestic bottle of wine - source Juicy Tales by Jo Diaz - https://www.wine-blog.org/index.php/2013/09/18/marketing-costs-50-bottle-wine/
Episode Highlights:
- The cost of grapes which impacts overall price of wine
- Production costs from harvesting to packaging
- How the three-tier wine system influences the cost of wine
- How much does marketing cost for your favorite wine
- How do taxes and currency changes affect wine prices
- Supply and demands affect the cost of wine
- Does the aging process affect the cost of wine
- How does prestige factor into the cost of wine
- Can sustainability affect the cost of wine
- A breakdown of how much profit is made on one bottle of wine
What did you think of the episode? Text me!
Come join my FREE Summer Wine Challenge! The task is simple: try 6 new wines in 6 weeks and win a prize. I’ll be sending you exclusive weekly emails with recommendations for wines to try plus you’ll be invited to TWO free live virtual wine tastings. We start June 17th but you can sign up anytime between now and before the challenge ends on July 28th!
Head to www.corkandfizz.com/summerwinechallenge to sign up.
Don't Forget to Download my Free Wine Tasting Guide! - https://www.corkandfizz.com/free-wine-tasting-guide
Have you Joined the Cork Crew?!
The Cork Crew Tasting Club is a community of people that enjoy drinking and learning about wine. It's like a book club...but with wine! Each month I’ll select two styles of wine for us to focus on. We’ll then have a virtual tasting party to explore those wines along with a community event to learn from professionals in the wine community.
Click the link below to get a FREE pass to attend a Cork Crew event of your choosing!
https://www.corkandfizz.com/freeclasspass
Connect with me:
Cork and Fizz - https://www.corkandfizz.com/
Instagram - https://www.instagram.com/corkandfizz/
Facebook - https://www.facebook.com/corkandfizz/
Email - hailey@corkandfizz.com
Does price matter when it comes to a bottle of wine?
Is a $10 bottle really that different from a $50 bottle of wine? What about a $50 bottle versus a $500 bottle? And what goes into the cost of wine anyway?
I’m breaking it all down in today’s episode! From costs involved in grape production and harvesting…to the markups added by distributors, wine shops and restaurants. I’m sharing the many pieces involved that make up that final price of your favorite bottle of wine.
I’m also digging into the additional elements that contribute to wine pricing. These include the impact of supply and demand, skill and experience of the winemakers, and prestige associated with different wine regions, among others!
So, if you are curious what goes into the cost of your favorite bottle of wine, or you’ve wondered why wines are priced the way that they are, press play and listen in!
Percentage breakdown for a domestic bottle of wine - source Juicy Tales by Jo Diaz - https://www.wine-blog.org/index.php/2013/09/18/marketing-costs-50-bottle-wine/
Episode Highlights:
- The cost of grapes which impacts overall price of wine
- Production costs from harvesting to packaging
- How the three-tier wine system influences the cost of wine
- How much does marketing cost for your favorite wine
- How do taxes and currency changes affect wine prices
- Supply and demands affect the cost of wine
- Does the aging process affect the cost of wine
- How does prestige factor into the cost of wine
- Can sustainability affect the cost of wine
- A breakdown of how much profit is made on one bottle of wine
What did you think of the episode? Text me!
Come join my FREE Summer Wine Challenge! The task is simple: try 6 new wines in 6 weeks and win a prize. I’ll be sending you exclusive weekly emails with recommendations for wines to try plus you’ll be invited to TWO free live virtual wine tastings. We start June 17th but you can sign up anytime between now and before the challenge ends on July 28th!
Head to www.corkandfizz.com/summerwinechallenge to sign up.
Don't Forget to Download my Free Wine Tasting Guide! - https://www.corkandfizz.com/free-wine-tasting-guide
Have you Joined the Cork Crew?!
The Cork Crew Tasting Club is a community of people that enjoy drinking and learning about wine. It's like a book club...but with wine! Each month I’ll select two styles of wine for us to focus on. We’ll then have a virtual tasting party to explore those wines along with a community event to learn from professionals in the wine community.
Click the link below to get a FREE pass to attend a Cork Crew event of your choosing!
https://www.corkandfizz.com/freeclasspass
Connect with me:
Cork and Fizz - https://www.corkandfizz.com/
Instagram - https://www.instagram.com/corkandfizz/
Facebook - https://www.facebook.com/corkandfizz/
Email - hailey@corkandfizz.com