Expensive Wines Have Ridiculous Inflation
As a broad classification, the most expensive wines in the world are Burgundies. Primarily red, but a few whites as well. Are they worth it? It depends who you ask, but don't ask me as I will never know. There is a website that every year compiles a list of the 10 most expensive labels on average and shows that average retail price. And, it is not split by vintage, so the most prized vintages are ever more expensive. In 2021, 9 of the top 10 are Burgundies (the other one being a TBA Riesling) and 8 of the top 10 cost more than $10,000 per 750 ml bottle, on average. Compare to 2019, when only 5 exceeded $10,000. In just 2 years, the price to make this esteemed list has gone up by more than 50%. That is inflation. The number one wine on the list is the Domaine Leroy Musigny Grand Cru weighing in at an average of $32,857 per 750 ml bottle. On the 2020 list, the same wine was not #1, but it was only about $17,000 per bottle. What happened there? Who drinks this stuff? Presumably, it...