I’ve never had a wine that was older than 10 years. So with that out of the way, what’s the big deal? Why is older wine better? I always assumed it was one of those snobby things where it’s not actually better but more of a status symbol. Am I wrong?
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The price increase of older wine is due to their rarity more than their quality. Wine is sensitive to environmental conditions such as weather and soil. This means a winery can produce drastically different product year by year. As a result you never know when you’re going to get an excellent batch of wine and as time goes on the supply of that specific batch of wine decreases and never increases. This scarcity and the associated speculation means that old wine steadily increases in price.
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