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Price Projection: What will become an expensive icon?
Posted: Tue May 12, 2009 7:54 am
by Bick
I found the price recollection thread interesting, although I wasn't able to comment, not having bought any decent wine back in the day (I'm old enough, but spent my younger days drinking beer, which doesn't seem to have gone up much!).
It got me wondering, has the world of wine pricing already gone nuts with little room left for more lunacy, or are there any other wines out there (future icons) that are currently relatively cheap but in time may become ridiculously expensive like Grange or HoG? I suspect there wont be any quite like that, and its probably very hard to predict, but what do you think?
I think there may be the possibility of this happening with some kiwi wines in a more modest way. As they get more international notoriety, some may start to command much higher prices. Puriri Hills could become a sought after icon perhaps and at least double in price over the next 3-4 years I'd say. Otherwise, I think producers try to market their best wines as iconic before they actually are, 'validating' the wines quality with a high price to start with. But I'd be interested to hear other views.
Posted: Tue May 12, 2009 8:56 am
by Jay60A
Aged Hunter Valley Semillon. It's so obvious ... well it should be. To be honest VAT 1 is probably Australia's greatest white wine.
Re: Price Projection: What will become an expensive icon?
Posted: Tue May 12, 2009 11:21 am
by pizzler
Bick wrote: Puriri Hills could become a sought after icon perhaps and at least double in price over the next 3-4 years I'd say.
Which of the Puriri Hills do you suggest trying? I find that a little shop near me has almost all of their wines that are available here in the States.
Try here for notes ;-)
Posted: Tue May 12, 2009 12:06 pm
by Craig(NZ)
Try here for notes ;-)
Posted: Tue May 12, 2009 12:06 pm
by Craig(NZ)
Try here for notes ;-)
Posted: Tue May 12, 2009 12:06 pm
by Craig(NZ)
Try here for notes ;-)
Posted: Tue May 12, 2009 12:06 pm
by Craig(NZ)
Try here for notes ;-)
Posted: Tue May 12, 2009 12:06 pm
by Craig(NZ)
Try here for notes ;-)
Posted: Tue May 12, 2009 12:06 pm
by Craig(NZ)
Try here for notes ;-)
Posted: Tue May 12, 2009 12:06 pm
by Craig(NZ)
Try here for notes ;-)
Posted: Tue May 12, 2009 12:07 pm
by Craig(NZ)
Try here for notes ;-)
Posted: Tue May 12, 2009 12:07 pm
by Craig(NZ)
Try here for notes ;-)
Posted: Tue May 12, 2009 12:07 pm
by Craig(NZ)
Try here for notes ;-)
Posted: Tue May 12, 2009 12:07 pm
by Craig(NZ)
Try here for notes ;-)
Posted: Tue May 12, 2009 12:07 pm
by Craig(NZ)
Try here for notes ;-)
Posted: Tue May 12, 2009 12:07 pm
by Craig(NZ)
Posted: Tue May 12, 2009 12:09 pm
by Bick
12 posts! You got a bit carried away there Craig!

Posted: Tue May 12, 2009 12:11 pm
by winetastic
Meerea Park Alexander Munro Shiraz
Posted: Tue May 12, 2009 12:20 pm
by Craig(NZ)
oh shienhouzen!!!
damn computer froze. hit post too many times!
Posted: Tue May 12, 2009 12:29 pm
by Partagas
Bad post

. Don't give em ideas to lift the price

Posted: Tue May 12, 2009 12:32 pm
by Partagas
Bad post

. Don't give em ideas to lift the price
They are out there listening
Posted: Tue May 12, 2009 12:35 pm
by Craig(NZ)
a discussion for the srl vertical. I have many opinions but lets not give anyone another excuse to take price hehe
Posted: Tue May 12, 2009 1:22 pm
by Loztralia
I was going to ask exactly this question last week (just once, though) but thought I'd leave it to someone with more credibility...
Clonakilla Shiraz Viognier is the obvious call isn't it? I know $75 is hardly $3 Grange or whatever it was but then we aren't going to see the explosion of the Australian wine business from next to nothing again are we?
Otherwise perhaps we ought to be looking for the next long-term trend, so Hunter Semillon is a good thought (ie not a red!) What about some of the great fortifieds?
Posted: Tue May 12, 2009 1:51 pm
by Michael McNally
Loztralia wrote:What about some of the great fortifieds?
Shhhhhhhhhhhhhhhhhh!!!
Posted: Tue May 12, 2009 2:02 pm
by Bick
Partagas wrote:Bad post

. Don't give em ideas to lift the price
They are out there listening
I hadn't thought of that.
In which case, scratch that question, and answer this one - what wines do you think are ok, but if only they were a bit cheaper you'ld buy them by the truckload?

Posted: Tue May 12, 2009 2:11 pm
by Partagas
Nicely put

Posted: Tue May 12, 2009 2:24 pm
by winetastic
Bick wrote:Partagas wrote:Bad post

. Don't give em ideas to lift the price
They are out there listening
I hadn't thought of that.
In which case, scratch that question, and answer this one - what wines do you think are ok, but if only they were a bit cheaper you'ld buy them by the truckload?

Meerea Park Alexander Munro Shiraz

Posted: Tue May 12, 2009 4:20 pm
by smithy

Marketing as icon before they actually are.
Yep. Happens all over the place.
Morris's are releasing some "Icon" reds.
Now I like Moriss's.
Are the icon?
Well the fortifieds are, but the reds?
Nope. Iconic status comes from the hard yards over years and years, and its the punter shelling out his hard earned that makes the decision.
Not someone with a bright and shiny new idea in the marketing division.
Cheers
Smithy
Posted: Tue May 12, 2009 5:12 pm
by Loztralia
Michael McNally wrote:Loztralia wrote:What about some of the great fortifieds?
Shhhhhhhhhhhhhhhhhh!!!
Obviously some problems with the board today, of course my post should have read "greatLY OVERPRICED fortifieds"
