Wine Pricing

A popular drink that has been consumed for millennia is red wine. But not every red wine is made equally. Some bottles of red wine can cost hundreds or even thousands of dollars. So what accounts for the price of red wine? The caliber of the grapes utilized to manufacture a red wine is the … Read more

How do you price wine? The industry standard is to mark up a bottle of wine 200-300% over its retail sales price. Thus, if a high-end wine retails for $20 at a wine retail store, it is likely to sell for $60 to $80 at a restaurant. For rare, expensive or speciality wines, the markups … Read more

Is expensive wine better? The short answer is no. Expensive wine doesn’t always taste better. However, it’s slightly more complicated than that. There are a whole bunch of reasons why a bottle of wine has a particular price tag. Read more on www.brightcellars.com Throughout history, wine has been connected to elegance and sophistication. Wine has … Read more

How much should I pay for a bottle of wine? An average bottle of red wine (3.6 rating) costs $15.66 USD while a very good bottle of wine (4.0 rating) costs $32.48 USD, on average. And even better wines become exponentially more expensive as you can see in the chart below. Read more on www.vivino.com … Read more