Tag: The Wine Economist
Wine Wars: Terroir’s Last Stand?
Reading Wine Wars, Mike Veseth’s superb book about the forces shaping the modern wine industry, brought two memories to mind, one of fairly recent vintage, the other decades old.
I’ll start with the older one, which involves a college night with friends. For reasons that I’m sure made good sense at the time, we decided it would be fun to buy a bottle or two of the cheapest wines we could find on the shelf at a nearby 7-Eleven. I don’t remember exactly what we bought or what I drank, but the names Thunderbird, Boone’s Farm, and Blue Nun spring to mind. I also can’t recall how much we paid for them, but it seems like they must have been a couple of dollars each, in line with the cost of a six-pack of beer in the late 1970s. And, oh yes, I vaguely recall waking up the next morning with a killer hangover.
The more recent memory involves a lunch in Madrid a couple of years ago. On the way to the Prado museum, we stopped at a nearby restaurant for a quick lunch. I ordered the menu del dia, or menu of the day, a common offering at Spanish restaurants that generally features a soup or salad, an entrée, a desert and a choice of beverages. When I asked about the choice of beverages, I was offered soda of some kind, water, coffee, tea, or wine. Naturally, I asked for red wine, pleasantly surprised, but realistic enough to expect nothing more than a glass of something that would be innocuous at best.
A few minutes later, the waiter brought a bottle to our table, set it down, and said something that I took to mean, “this bottle is all for you.” When I questioned him, he repeated the phrase. And I understood. Yes, it was mine, all mine. The entire bottle.
The meal probably cost 8 or 9 Euros, about $11 or $12 at the current exchange rate, at the bottom end of what I would expect to pay in any major U.S. city for a decent lunch at a nice, but inexpensive restaurant. Two things struck me about that transaction. First was the recognition that back home, the price of the meal would barely have covered a glass of wine, if that, along with a decent course or two of food. But what really surprised me was the casual way they threw in the full bottle. We’re talking wine, after all, not water from the tap.
I wondered off and on in the intervening years how it could be possible to serve a bottle of wine with a meal as though it was nothing more than a cup of bad coffee. Wine Wars gave me some answers.
Mr. Veseth discusses three major trends shaping the world of modern wine: globalization, “the miracle of Two Buck Chuck,” and what he refers to as “the revenge of the terroirists.” Continue Reading–>
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