Episode Transcript
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(00:03):
Welcome to After Wine School, the podcast that demystifies wine and makes it approachable for everyone.
Join Keith Wallace and Alana Zerbe, two of the nation's leading wine experts, as they uncork everything you need to know about wine, from picking the right bottle to mastering unforgettable food and wine pairings.
This isn't about stuffy lectures or confusing jargon.
(00:26):
It's about enjoying wine the way it's meant to be.
So grab a glass And let's dive in.
Don't forget to subscribe to After Wine School today.
Welcome to After School, the Wine Podcast.
.999What's the topic today, Keith? know, it is going to be the down and dirty secrets of wine pricing.
(00:52):
I like it.
It's gonna be interesting.
Folks, we will be sampling a wine from Cahors at the end of the podcast.
.999It's from Chateau Chambert.
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I'm going to show you the bottle this way and then hand that to Keith.
Well, fantastic.
.9995All right.
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Well, if you don't mind, we'll, I'll, I'll Pour that in a second.
(01:13):
Let's talk.
before we get into it.
I know you're anxious.
Yeah, I'm Alana Zerbe I'm the director of wine education at the wine school of Philadelphia here with my partner Keith Wallace Who's the director and founder of the wine school of Philadelphia? We are sponsored by the National Wine School the premier online educator for Sommeliers, and they have asked us to give a nice disclaimer at the top of our podcast that says, our opinions and viewpoints are solely our own and do not reflect the opinions or viewpoints of anybody else, certainly not the National Wine School or even the Wine School of Philadelphia.
(01:51):
we go.
I think NWS, I just shortened it.
I think they're even, I mean, we use their their programming at the school itself, and I think they're great.
.999And that's, yeah, too.
.999Hey, great.
I'm just saying.
let's talk about it.
Okay.
Let's talk about it.
All right.
Wine pricing.
Yeah.
All right.
Now do you have any questions for me about it? Well, I think, number one, shopping for wine is incredibly difficult.
(02:17):
Oh, yes.
One of the biggest things that's an impediment is pricing, understanding what goes into pricing, what makes a bottle worthwhile, what doesn't.
.1Do you want the reasons why we price wines in a certain way? Yeah, I think that's kind of what you're good for, is the behind the scenes industry.
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good for, yeah.
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That's something you're good for.
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I'm glad I'm good for something here.
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in this professional relationship, but all right.
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Hey, all right.
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So one of the things we start with if you're talking about pricing, like you have to think about not as consumer, but like you're actually in the winery and you're having to think about a few things.
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Sometimes it's even better.
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Because wine is, you know, has such a prestige and everyone loves it.
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And it's hard to think about it pragmatically.
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So let's think about it like you're making a new type of soda, right? So it's a new soda you've come up with.
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You're starting right now.
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It's a boutique soda.
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So you can charge anything you want.
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Here's what you do.
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We have to figure out how much it's gonna cost to make it.
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Right.
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You got, you need to figure out that, because that's everything from, you know, your ingredients, to the manufacturing line, to the people, to the insurance, your truckers, everything that costs, right? management, Everything and then you gotta figure out a couple things.
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Okay, then you also have to figure out you know, who do you want to compete against? Who do you want buying it? Now, do you want to just have it like a very inexpensive soda where like, say, a, You know, you're competing against like the, you know, not Coca Cola, but like, you know, like the generic sodas, like, okay, that's a market, that's a big market, you probably can make a lot of money, you might not make, not much profit per bottle of soda, but you would make a massive amount of money if you could sell it across the country you know, your margin's small, but you make a lot of it, and you could just, you know, rake in the cash, that's one way of doing it, other ways, yeah, competing at like, You know, with the name brands, right? Right there in the middle.
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But, if you really want to compete and build a really big reputation, become one of the best sodas there are, right? and then you can say, okay, I'll charge this amount.
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maybe you have all three.
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You have the really cheap soda, the standard price soda, And then the really expensive soda.
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the truth is, It might cost you about the same to make each of those, but you're sitting at a different price, just maybe, you know, that really high end soda that you're making, maybe it doesn't cost you that much more money to make it.
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but you're going to have a different advertising, you're going to have a different label, and you're doing it for a different market, right? Right.
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The person who wants that soda wants a little bit.
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When they show the bottle, everyone goes, Ooh, anti soda.
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But then the people who are buying the very, very inexpensive, they just want the soda because they're going to make a cocktail with it or they're just going to drink it.
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they're not trying to show off.
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Now that's exactly what it is in the wine.
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Okay.
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So you are maybe spending more money making the high end bottle of wine, but most of that price is actually profit.
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at the very low end, you have very little profit, but you're making a lot more of it.
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So it really depends.
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So this is how we think of things.
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So if you take that.
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Framework, a winery is going to have to think about what the audience is first and then how to make that wine.
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So that's first thing, right? Understand that and go ahead, if you ever go into a wine shop, you'll notice this, like there are basically three tiers.
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Well, there's four tiers.
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there's the value.
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There's the middle tier.
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Then there's the luxury tier, and then there's like the super luxury, which are, the crazy amount of money.
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put a, give a ballpark? Sure.
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Yes.
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because we're talking right now 2024.
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And so this, these numbers, you know, depending on inflation will change.
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But right now what you expect that this is about across this pretty much across the board that on your 15 and under are You know, this is your well, let's say 18 and under right now.
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That's your middle ranch now under 10 and under that's your value brand.
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and then typically, you know, 20, 25 and above, that's luxury.
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So that's your tip.
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25 and above? Yeah, typically.
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Yeah, then super premium is above that.
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Okay.
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That's where you're hitting 50, 100.
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Yeah.
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No, that's because everything gets, you know.
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Yeah, super luxury and premium, everything ends up, you know, that ends up, but here's the thing those numbers change depending on what grape it is and what.
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So, for instance, the more famous a place is for fine wine, the more expensive it is going to be.
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That's because the grapes are going to cost more.
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Because, you know, when something is famous, everything costs more.
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Land starts costing more because more winemakers want to buy property there.
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The grapes start being more expensive when you're buying them.
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And everything increases in cost.
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The winemakers and even all employees, you know, they're expecting more because now property costs are more.
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Your rent is higher.
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So, you know, you have to be paid more versus like, so we can get really amazing wines.
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Let's say if you're going from like right now, Napa.
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Crazy expensive, crazy expensive.
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Like just to play the game, you're expected to spend a hundred, 200 for a bottle, whereas a similar comparable bottle of wine, say from Walla Walla in Columbia Valley.
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And in Washington, well, maybe the same value is going to hit around 50 in today's money, you know, a quarter of the price.
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And then we can get the exact same bottle of amazing going to Chile and even less.
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So it really depends on where it's from what the cost of production there are too.
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So this does change, but you will typically in any wine region, you'll notice there's like basically three to four tiers of pricing.
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And, so that's, you know, that's a little confusing that's why I use a soda at the beginning, you know, following that is actually, like, you just understand that, you know, you are, depending on where you are at, you know, there's gonna be, like, sadly, like, in Burgundy, like, your basic economy is, like, 25.
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Oh, yeah.
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Right.
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I mean, it's very expensive in Burgundy.
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Bordeaux was pretty much the same.
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Okay, so what do we do with this information? alright.
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let's just say famous regions, well known for expensive wines, they're always going to cost more.
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So, yes, you're paying more for less wine.
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That's it, flat out.
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Where I worked was in Italy and, you know, we did a county Rufino, and Chianti Classico.
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Now, the Rufino is an area that's not nearly as famous, but actually it was a better line that we made.
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So our Chianti Classico was more expensive than our Rufino.
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Why? Because it was more famous.
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Not because it was better.
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So, one thing, right? Find regions that are not nearly as famous that are well known for the same.
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Grape, right? That's one thing.
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Also, just look if you are Depending on what you want.
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Now, I always recommend that if you want to have a simple fruit forward wine Never spend more than you know, 10 because that's that's the price range.
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You see you're paying 10 or under you're getting a fruity wine If you're going sangria, oh god than Chateau Petrus.
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Oh please, oh god, that was a story from a long time ago.
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learned.
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Yeah, that was a while ago, Yes.
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That was, yes.
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I think that was in Cannes.
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That was amazing.
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So if you're going to adulterate it in some way, a cocktail, sangria, Or if you just want a glass of wine, like, a restaurant style wine, those are just a couple of flavors.
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You're not looking for, you know, like, you know, you're looking just for, you know, enjoyable glass of wine.
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That's it.
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You know, that's your spending.
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Don't spend more than that.
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That's, your everyday wine.
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They're designed for that.
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As a winemaker, I gotta say, I did make fine wine, but one of my strengths was that I also can produce inexpensive wines and make them really taste good.
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Like, that was actually a core part of being a winemaker, is making those value lines taste delicious that everyone likes.
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That's the winery makes the most money on those, you know, by volume.
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So those, and so that's great, you know, but there's two or three flavors, that's it.
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Or, you know, one big fruit flavor.
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My favorite wines though, the wines that most winemakers, and if you look at winemakers, you look at sommeliers, they're not wealthy, they're middle class, distinctly middle class.
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You're not supposed to ask me questions.
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Do you, are you happy, more happy to make something, you know, for, for you and your friends or for people who are wealthier than you? Like if you're making something, like let's just say you're making an egg sandwich.
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Yeah.
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Do you want to make something? For your people or or super bougie people who are just gonna like, you know, like me, right? No, I mean I have some bougie people in my friend group, but definitely my friends.
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so if you're middle middle class upper middle class and they're annoying by the way.
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yeah.
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Oh god.
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Yes Oh, yeah, as a rule, Tom, what you're saying is all your friends are annoying, I agree.
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Not all, not all.
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Okay.
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so as a winemaker.
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You make wines and wine buyers, the sommeliers, buy wines and typically want to feature wines that they like themselves, that they love.
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And so, the mid tier, and you know, maybe whether that's 15 or 20 or 30, depending on where you are.
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Like that mid tier is where winemakers, they're not spending a lot of money on the magic, like the oak and not adding mega purple to things, which is an additive we use to increase the body and sure content of the wines.
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We're not doing things like that.
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What we're doing is making authentic, delicious wines that we like, that they represent the place that they taste like the grape they're supposed to.
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We're not trying to impress.
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Rich people by doing magic tricks.
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We're not adding additional oak.
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we're not over extracting our wines.
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We're just making absolutely professional, perfect wines.
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Right.
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That's what we're doing.
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So that's what, and that, it's that middle tier, And honestly, that's the tier that, you know, they don't have, because they don't have so much oak, you can understand them more.
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They're not too fruit forward.
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They're perfect.
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And also what we use in school too.
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Like when I'm sourcing wines for our professional programs, they all are just from that tier because they're the perfect wines.
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Right.
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They're just trying to be authentically awesome.
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So how do you, Oh, okay.
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so it's the price.
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First off, looking at whatever region you are.
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So you look, so let's just say you're standing in the wine shop.
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You're looking at all the Chianti Classicos, right? And specifically just the Chianti Classicos.
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All right.
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So let's just look at all those.
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Let's find what's the highest price point.
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What's the lowest price point.
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Okay.
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What's the median price? You find that median price of that specific group, that's the price where you want to be around there.
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Like within 10 20%.
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So if you're math geek, this is it, right? You want the median price of what you're seeing, that's the wine of the Chianti Classicos.
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It's around 22 ish dollars, 23 dollars right now.
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Yes.
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So that's 23 dollars.
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That's it.
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Okay.
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First off, then the next step is.
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Am I looking at a winery that is independently owned or corporate, or corporately owned? And the reason I want to look at that is because corporate owned, all right, they're going to have more additional costs of marketing, PR, more layers of business.
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So that wine is not going to be as good of value, perhaps.
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So what I want is I just, I want to go down.
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I want to see that independent winery, something.
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if you see, you know, a brand you've heard of, you know of, well, that's probably a very large scale brand that they're, it's such, it's very high volume.
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It's in every store.
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if you, and then you look at it, like, Oh, I haven't heard of that.
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Just look it up quickly, just Google it, do a good, good search on it.
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See if it's, you know, now, if it's only available at that specific store, if it's like a chain.
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Don't buy it.
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That's just a, it's called a control brand.
207
00:14:51,16.9815 --> 00:14:56,846.9815
So then you, okay, get rid of the control brands, not something that's only, that's owned by that store, which there are such things.
208
00:14:57,126.9815 --> 00:14:58,686.9815
Get rid of all the corporate owned stuff.
209
00:14:58,716.9815 --> 00:15:02,416.9815
And then what you have left, I think these small little producers and.
210
00:15:03,231.9815 --> 00:15:40,741.9825
You know, we do have another and then after that, the third step I will do is I'll look at that and then I'll say, Hey, has this winery, has it got any good reviews? And so we have in the feed either coming up or before, I'm not exactly sure if we haven't posted yet about how important it is for, if you're a new wine buyer for ratings, this is where you'd find that reading and those data points is where you'd find that perfect bottle of wine that works so well that I can walk in without even knowing any of the producers and find it, you know, that's a good way to start looking, just starting by price point.
211
00:15:42,171.9825 --> 00:15:55,556.9825
And one of the things that people always do, and this is one of the things as, you know, Having taught so long, I'm reviewing what people are buying because we have students who will buy wine say, is this a good wine? Is this rightly correct? Either they go too expensive or they go too cheap.
212
00:15:56,116.9825 --> 00:16:04,36.9825
Everyone seems to be really shy away from the mid tier, but that's where the best values are and the best wines in my opinion are.
213
00:16:04,361.9825 --> 00:16:15,41.9825
So when would you spend a little bit more? When would you go up to that luxury tier? Oh, well, you go to luxury, when you want to turn off your brain and then just enjoy something.
214
00:16:15,701.9825 --> 00:16:23,691.9825
Because as winemakers, what we're doing is we're adding Layers of new oak, which is bringing in all kinds of spicy flavors.
215
00:16:23,961.9825 --> 00:16:31,551.9815
we're working on texture so that, the wine no longer is just simply delicious, but also like we're really tying in on.
216
00:16:31,811.9815 --> 00:16:33,951.9815
And you can only do that with only a few barrels.
217
00:16:33,961.9815 --> 00:16:38,711.981
that means that you're touching those barrels yourself and maintaining that consistently.
218
00:16:38,711.981 --> 00:16:42,631.981
And also you're probably selecting very specific barrels for, cause they're higher quality.
219
00:16:43,256.982 --> 00:16:47,666.982
Cause that's also, there's real variability in your different barrels.
220
00:16:48,126.982 --> 00:16:51,296.981
So you're paying for that hand touch.
221
00:16:51,886.982 --> 00:16:52,536.982
Yes.
222
00:16:53,266.982 --> 00:17:04,836.982
If you are somebody who intends to age wine, would you recommend a certain price point? Well, aging is such a hard thing and that's a whole different topic.
223
00:17:05,36.982 --> 00:17:10,526.982
Any red wine could be aged for three years to five years without any problem.
224
00:17:12,466.982 --> 00:17:28,426.982
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225
00:17:28,866.982 --> 00:17:34,236.982
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226
00:17:36,656.982 --> 00:17:41,336.982
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227
00:17:42,956.982 --> 00:17:44,166.982
Because it's very hard.
228
00:17:44,166.982 --> 00:17:48,136.982
I can't, that would take a half an hour to talk about like aging.
229
00:17:48,136.982 --> 00:17:48,876.982
So let's do that for now.
230
00:17:48,936.982 --> 00:17:53,256.982
Let's put a pin on how, Oh my God, that's a great idea though.
231
00:17:53,276.982 --> 00:18:01,676.983
You do a, you do come up with the best ideas for the podcast, but did I cover everything about pricing or is there anything else? Well, I think so Yes.
232
00:18:01,916.983 --> 00:18:14,406.982
What I think I heard you say was that mid tier walk If you walk into a wine shop, yes, and you know, you're interested in a Sangiovese based wine Yeah, maybe you've been to Chianti.
233
00:18:14,406.983 --> 00:18:16,686.982
So you're gonna be loyal to Chianti Classico.
234
00:18:16,816.983 --> 00:18:25,696.983
That's The stalwart of the region so you take a look you see the range and then you kind of focus in the mid Yes.
235
00:18:25,696.983 --> 00:18:26,996.983
Here of that range.
236
00:18:27,376.983 --> 00:18:32,6.983
And then you're also going to want to check and make sure that it is not a big company.
237
00:18:32,56.983 --> 00:18:32,516.983
Right.
238
00:18:32,566.983 --> 00:18:34,756.983
That it is a smaller producer.
239
00:18:34,856.983 --> 00:18:35,236.983
Yes.
240
00:18:35,286.983 --> 00:18:36,646.983
Check on some ratings.
241
00:18:36,756.982 --> 00:18:37,276.982
Absolutely.
242
00:18:37,616.983 --> 00:18:39,456.984
And that's just a down and dirty way.
243
00:18:39,486.984 --> 00:18:54,261.984
Now, I'm not saying that all large producers are making inferior product, it's just that If I'm sending somebody in there, I want them to get the best possible wine, the fastest possible with the least amount of knowledge that they need to actually consistently get great wines.
244
00:18:54,661.984 --> 00:18:57,571.984
And so I'm going to ask you if you were gifting a wine.
245
00:18:57,631.984 --> 00:19:00,821.984
No, but it's, no, but it's also, let's talk about it.
246
00:19:00,821.984 --> 00:19:01,311.984
Yeah.
247
00:19:01,451.983 --> 00:19:01,811.983
Okay.
248
00:19:01,811.983 --> 00:19:06,726.984
So what I recommend, if I am giving you a bottle of wine, not you personally, that would be terrible.
249
00:19:06,726.984 --> 00:19:10,146.984
I'd have to pay out, spend a lot of money because you would know what I'm saying.
250
00:19:10,556.984 --> 00:19:21,796.982
But if there's somebody in my friend group and one of the more annoying people who I just really want to give an F you to, I would give them something that I knew they would like, but also it was just trash.
251
00:19:22,196.982 --> 00:19:25,686.982
Like, it's just like, oh, you're not gonna like this because it's trash and expensive.
252
00:19:25,916.982 --> 00:19:29,976.9815
And this is just a big, like, F you, you know, you don't even care about wine.
253
00:19:29,976.9815 --> 00:19:33,46.982
You just care about getting drunk and seeming like you're fancy.
254
00:19:33,816.982 --> 00:19:34,686.982
Screw you, man.
255
00:19:35,236.982 --> 00:19:36,41.982
There's that wine.
256
00:19:36,61.982 --> 00:19:37,601.982
Mm-hmm That's that wine.
257
00:19:37,656.982 --> 00:19:43,171.982
And I mean, you know, and that wine is, is you know, it starts with V Yeah.
258
00:19:43,171.982 --> 00:19:43,451.982
Okay.
259
00:19:43,456.982 --> 00:19:45,51.982
And then pri Sure.
260
00:19:46,201.982 --> 00:19:46,491.982
Okay.
261
00:19:46,576.982 --> 00:19:47,236.982
And then, and out.
262
00:19:47,326.982 --> 00:19:47,656.982
Yes.
263
00:19:47,926.982 --> 00:19:48,996.982
And then but.
264
00:19:50,211.982 --> 00:19:57,401.982
You know, but what truly what I want is that's the funniest way of I'd like to mean thing to do, but the truth is, I do want to look at the with the person.
265
00:19:58,381.982 --> 00:20:12,81.981
What is going that they're gonna love? Like, what is that thing? And I mean, uniformly, if I'm gonna something, you know, or something that, Just they don't know about, but they would absolutely fall in love with it.
266
00:20:12,81.981 --> 00:20:20,341.981
Like, so like someone who is really into, you know, Napa or Cabernet, I'm going to find it like a baller Priorat to gift them.
267
00:20:20,361.981 --> 00:20:22,941.9805
So I want to, you know, like you always want to go up.
268
00:20:22,951.9805 --> 00:20:29,781.9805
Like that's when you do want to have that wine that is the luxurious tasting and fuel and that thing.
269
00:20:30,461.9805 --> 00:20:36,871.9805
So wherever it is, you look at, you know, and how you can figure out how to, how much to what's the median price.
270
00:20:37,886.9805 --> 00:20:48,706.9805
And either double that or triple that, depending on what you are, here's the thing, and I want to really, it's what you're comfortable, don't ever Buy wine that you're not comfortable, you know, for a gift, sure.
271
00:20:48,716.9805 --> 00:20:49,616.9805
It should be a little uncomfortable.
272
00:20:49,616.9805 --> 00:21:01,226.9805
It should hurt a little bit for a good real gift, but What about people who judge you for liking a less expensive wine? Well, you know, there's a whole thing on Reddit.
273
00:21:01,256.9795 --> 00:21:06,100.9205
Am I an asshole, you know? And the answer always is, NTA.
274
00:21:06,100.9205 --> 00:21:22,930.9205
You're not the asshole to give them a shitty bottle of wine, right? If someone judges you And I had, okay, so, can I tell a story? Yes! Okay, so I had this really snooty friend, kind of friend, and I had to go to her wedding, and I had a gift.
275
00:21:23,250.9205 --> 00:21:25,780.9205
So what I, you know, and they were, they were pretty terrible.
276
00:21:26,110.9205 --> 00:21:27,530.9205
Oh, we can't tell this story.
277
00:21:27,590.9195 --> 00:21:30,390.9185
oh, you know who I'm talking about.
278
00:21:30,730.9195 --> 00:21:31,830.9195
Oh, yes.
279
00:21:32,206.0195 --> 00:21:34,15.9195
It's a deep, dark secret.
280
00:21:34,465.9195 --> 00:21:35,545.9195
I'm sorry, Keith.
281
00:21:36,845.9195 --> 00:21:39,655.9195
I didn't think that was going to impact me, but it really did.
282
00:21:39,655.9195 --> 00:21:40,815.9195
Alright, okay, fine.
283
00:21:41,200.9195 --> 00:21:41,685.919
Done.
284
00:21:41,685.919 --> 00:21:42,425.9195
You've done, yeah.
285
00:21:42,745.9195 --> 00:21:44,255.9185
Okay, these are Shenanigans.
286
00:21:44,265.9185 --> 00:21:45,155.9195
Right, shenanigans.
287
00:21:45,185.9185 --> 00:21:50,705.9195
Okay, so You know, the people who judge you, you know, of course, they don't judge me.
288
00:21:50,705.9195 --> 00:21:51,315.9195
I'm the wine guy.
289
00:21:51,316.0195 --> 00:21:56,455.9195
I can, I can show up with a screw cup cap bottle and everyone will think it's amazing.
290
00:21:56,465.9195 --> 00:22:01,825.9195
But yeah, you know, you, you are that person who's going to judge you.
291
00:22:02,785.9185 --> 00:22:07,675.9195
What's the quick retort to that? how do you shut somebody down? Oh, well, first off, you don't give them wine.
292
00:22:07,685.9195 --> 00:22:12,695.9195
Like, you don't, if you're sending a gift, you don't give them wine, you give them a beer, like a really expensive beer, something like that.
293
00:22:13,45.9195 --> 00:22:15,85.9195
Never do the thing that they know.
294
00:22:15,490.9195 --> 00:22:27,970.9195
Or you gotta go, you know, really obscure, like super obscure or find, you know, Google, like find a Napa winemaker who has a project in some obscure place.
295
00:22:29,50.9185 --> 00:22:31,490.9185
the country, country, not the Pennsylvania County.
296
00:22:31,550.9185 --> 00:22:33,710.919
No, yes, I don't think anyone.
297
00:22:34,145.919 --> 00:22:37,5.919
from the Madavi family is working at Lebanon Bologna.
298
00:22:37,215.919 --> 00:22:40,185.919
Would you be hilarious? It'd be the most expensive bologna ever.
299
00:22:41,65.919 --> 00:22:42,555.919
Stoltz's Cabernet.
300
00:22:43,435.919 --> 00:22:43,635.919
God.
301
00:22:43,675.919 --> 00:22:44,205.919
Oh, God.
302
00:22:44,225.918 --> 00:22:44,825.919
Okay, I'll stop.
303
00:22:44,835.919 --> 00:22:48,455.919
That's very, that's, you know, you get to a real narrow band of yeah.
304
00:22:49,65.919 --> 00:22:52,935.918
So yeah, if anyone here is actually from Pennsylvania and got that reference, let me know.
305
00:22:53,345.918 --> 00:22:57,130.919
Because I think it's going to be out of, Everybody, like, won.
306
00:22:58,310.919 --> 00:22:59,460.919
It's probably you in the comments.
307
00:23:00,660.919 --> 00:23:04,70.919
Laughter So yeah, like that.
308
00:23:04,80.919 --> 00:23:04,840.918
Go obscure.
309
00:23:05,390.918 --> 00:23:05,860.918
That.
310
00:23:06,90.918 --> 00:23:10,170.917
But also like, yeah, I don't, if, again, gifts are hard.
311
00:23:10,530.917 --> 00:23:15,280.918
Just triple the price you're comfortable, like the mid tier triple what you typically pay for yourself.
312
00:23:15,420.918 --> 00:23:16,340.918
That's what you pay.
313
00:23:16,970.918 --> 00:23:26,700.918
Just more, more, it's more important about what, you know, what it looks like, or if you can find that perfect bottle, like, here's the thing that I tend to do if I, you know, if you don't know, feel the bottle.
314
00:23:26,720.918 --> 00:23:33,440.917
If it's heavy, has a really good label, then whoever is, gonna drink it, if you know they're gonna pop it, drink it, boom, that's it.
315
00:23:33,940.917 --> 00:23:49,880.918
Sadly as a winemaker, I know if I'm doing a high tier wine I always would use a super heavy bottle because this feels more expensive and you make sure you have gold on that label and it's embossed and it looks very expensive, like that goes a long way.
316
00:23:50,85.918 --> 00:23:58,525.918
And so, one of those things, that's where, if the bottle has, shattered those bottles, they're so big, and they have all that embossing on the label of the bottle itself.
317
00:23:58,545.918 --> 00:23:58,915.918
Yes.
318
00:23:59,5.918 --> 00:24:00,85.918
Oh, it's very impressive.
319
00:24:00,95.918 --> 00:24:02,595.917
So, you go for bling, that's another thing.
320
00:24:03,135.918 --> 00:24:08,415.919
And that's what, anyone can figure You look, oh, it's expensive, and it feels expensive, and it looks expensive, then, yeah.
321
00:24:08,995.919 --> 00:24:11,240.919
Especially if you're gonna, drink it right then.
322
00:24:12,370.919 --> 00:24:18,450.918
but if you know someone who's just going to take it and they're going to Google how much you paid for it and you have to impress them, then you have to spend a lot of money.
323
00:24:19,40.919 --> 00:24:26,450.918
Sadly, that's the gifting thing is if someone's going to Google it, you know, the value is on how much it usually costs.
324
00:24:27,60.919 --> 00:24:31,420.919
But this is one of those things where if you are smart about things.
325
00:24:31,980.919 --> 00:24:42,240.919
You can get onto like one of the discount websites that they'll be selling specific wines and they usually only sell them like they'll like be a month where they sell them at a 50 percent discount.
326
00:24:42,800.918 --> 00:24:48,570.919
Buy though, if you buy a case of those wines that website, those prices will disappear within a month.
327
00:24:48,860.919 --> 00:24:54,470.919
Now you have a cache of expensive wines that you didn't pay, you paid half price or whatever for, and those are what you gift.
328
00:24:54,580.919 --> 00:24:56,480.919
So then when they look it up, it looks like.
329
00:24:56,630.919 --> 00:24:58,590.919
Instead of spending 50, you spent a hundred.
330
00:24:58,590.919 --> 00:24:59,550.919
So that's impressive.
331
00:24:59,600.919 --> 00:25:03,310.919
You know, like, Ooh, so that's, you know, if you're Scottish, It's a good hack.
332
00:25:03,660.919 --> 00:25:04,160.919
Yes.
333
00:25:04,180.919 --> 00:25:12,40.918
and I have a bunch of like these amazing bottles of 2012 Syrah from Victorian Australia, just absolutely amazing wines.
334
00:25:12,290.919 --> 00:25:18,530.9185
Then I must've spent like 30 for, but if you look it up, it's like 200 and that's what we use for the school.
335
00:25:18,540.9185 --> 00:25:38,75.9185
So like I use a lot, that's a technique I do use for the school too, because, you know, When you're buying for a wine school and you're buying, you know, a quarter million dollars of wine annually, which is, yeah, I know that's a lot of money, but that's what you're paying for, you want to get a maximum amount, you know, so the best wines for the best possible price.
336
00:25:38,355.9195 --> 00:25:49,245.9195
And so that's another technique that I'll use is, you know, so just to make sure I can give our students far better wines that they're paying for in the class so that when they will go home and they look at it.
337
00:25:49,530.9195 --> 00:25:52,175.9195
They're like, I can't believe I just had that one.
338
00:25:52,550.9195 --> 00:25:53,570.9195
Like that's another thing.
339
00:25:53,580.9195 --> 00:25:59,590.9195
That's just, yeah, you know, and there's all kinds of ways of figuring out how, like, you know, what, how to do that.
340
00:25:59,620.9195 --> 00:26:05,760.9185
But yeah, that online retail tends to be a very good place for, you know, if you want to buy low and give high.
341
00:26:08,740.9185 --> 00:26:09,480.9185
I love it.
342
00:26:09,500.9185 --> 00:26:11,680.9185
The brain, sometimes it says smart things.
343
00:26:11,730.9185 --> 00:26:11,980.9185
it.
344
00:26:12,70.9185 --> 00:26:13,860.9185
Well, anything else? No, no.
345
00:26:14,200.9185 --> 00:26:15,580.9185
I just want to stress once again.
346
00:26:15,600.9185 --> 00:26:15,800.9185
Yes.
347
00:26:16,375.9185 --> 00:26:19,525.9185
If you're buying for yourself, never spend more than you want to.
348
00:26:19,975.9185 --> 00:26:20,95.9185
Yes.
349
00:26:20,155.9185 --> 00:26:24,75.9185
Because if it hurts and you, you, it's never gonna be good enough.
350
00:26:24,615.9185 --> 00:26:25,425.9185
Be happy with it.
351
00:26:25,460.9185 --> 00:26:26,45.9185
You know, be happy.
352
00:26:26,135.9185 --> 00:26:27,5.9185
Get the price point.
353
00:26:27,335.9185 --> 00:26:31,445.9185
'cause there's people who are out there who can spend $200 and be more happy.
354
00:26:31,665.9185 --> 00:26:46,655.919
and there's gotta be the rest of us who are like, If it's more than 20 bucks or 20 bucks or more and we didn't like it that hurts like that's not fun that destroys it But if it's just always spend what you want and be okay, if you don't like it Like that's the price you want to spend.
355
00:26:46,695.919 --> 00:27:04,295.918
Yeah until you build more knowledge and learn more and you just know The thing is the more, you know, the more you like and the more you like the more you understand what's correct And what's possible and what's normal? And the more you can, you just able to have a much larger breadth of enjoyment.
356
00:27:04,345.918 --> 00:27:09,85.918
Like, you know, there's, there are 8 balls I love, and there's 100 balls that I hate.
357
00:27:09,515.917 --> 00:27:12,395.918
Speaking of a breadth of enjoyment, Oh, that's right.
358
00:27:12,545.918 --> 00:27:14,765.918
Some of our wine Oh, that's right.
359
00:27:14,795.917 --> 00:27:15,135.918
The K.
360
00:27:15,135.918 --> 00:27:15,435.9175
O.
361
00:27:15,435.9175 --> 00:27:15,775.917
R.
362
00:27:16,555.918 --> 00:27:19,55.918
I am a kohor for kohor.
363
00:27:19,635.918 --> 00:27:47,20.919
All right, so talking about, like, pricing, so one of the things just knowledge helps a lot is that, you know, Keor is the, it was the part of Southwest, yeah, Southwest France that is right below Bordeaux, it was actually the place that actually really was making Bordeaux style wines long before Bordeaux was making high And wines.
364
00:27:47,50.919 --> 00:27:47,140.919
Mm-hmm.
365
00:27:47,140.919 --> 00:27:48,400.919
And they've maintained it.
366
00:27:48,400.919 --> 00:28:00,380.919
Now, DO they're the OG and they're using the original grape of Bordeaux, which is, as we all know, everyone knows this Melba inside joke there.
367
00:28:00,740.919 --> 00:28:06,160.919
Yeah, so I'm getting a lot of cherry tobacco, like pipe tobacco right now.
368
00:28:06,211.019 --> 00:28:06,861.019
yep, yep.
369
00:28:08,81.018 --> 00:28:15,291.019
That cherry, so tobacco, those notes also are the same as cedar, like there's elements of cedar in there, of Sugar.
370
00:28:15,451.02 --> 00:28:18,641.02
That actually, so this is what usually is called cigar box.
371
00:28:18,946.02 --> 00:28:26,206.02
You know, but if you're, you know, if you're fancy like me, you call it cigar box, but we did talk about this earlier.
372
00:28:26,206.02 --> 00:28:27,806.02
It's deep, dark fruit.
373
00:28:27,876.02 --> 00:28:28,436.02
Yes.
374
00:28:28,696.02 --> 00:28:29,316.02
Blackcurrant.
375
00:28:29,346.02 --> 00:28:30,416.02
Oh my God, this is great.
376
00:28:31,236.02 --> 00:28:36,916.02
But, the interesting thing, so I'm going to taste this now, because I mean, this is, and by the way, I'm going to make a big ol slurping noise.
377
00:28:36,926.02 --> 00:28:38,156.019
Okay, misophonia warning.
378
00:28:39,156.019 --> 00:28:47,756.018
Now, I'm not saying I have a troubled life, but it's very hard on camera to have a mustache and drink wine without, like, making a complete mess.
379
00:28:47,921.019 --> 00:28:48,351.019
Mm hmm.
380
00:28:48,421.019 --> 00:28:48,871.019
you're okay.
381
00:28:48,941.019 --> 00:28:49,441.019
I'm okay.
382
00:28:49,491.019 --> 00:28:50,41.019
I'm fine.
383
00:28:50,291.019 --> 00:28:50,841.019
Push through.
384
00:28:50,901.019 --> 00:28:52,471.019
Yeah, I am.
385
00:28:52,561.019 --> 00:28:53,441.019
I'm gonna get there.
386
00:28:53,441.019 --> 00:28:57,581.019
So what are you tasting, Keith? Well, I had to joke a little bit because there's so much going on.
387
00:28:57,661.019 --> 00:28:59,881.019
And I just wanted to have a little moment to think about it.
388
00:29:00,541.019 --> 00:29:03,41.019
So the attack Lovely.
389
00:29:03,281.019 --> 00:29:05,241.019
Like, it starts off red fruit, then goes to dark.
390
00:29:05,261.019 --> 00:29:05,881.019
Mm hmm.
391
00:29:05,881.019 --> 00:29:08,721.019
So, yeah, there's a surprising bright freshness.
392
00:29:08,931.019 --> 00:29:18,661.019
And, and you have to think, I mentioned this is Malbec, but you have to purge your idea, purge, purge your brain of Argentinian Malbecs, because that's not what this is.
393
00:29:18,701.018 --> 00:29:19,841.019
It's a different clone.
394
00:29:20,101.018 --> 00:29:21,491.019
It's one of the original clones.
395
00:29:21,751.019 --> 00:29:25,661.019
I don't even know if they have this clone in Argentina but it's leaner.
396
00:29:25,906.019 --> 00:29:49,196.02
It's brighter, it's fresher, more complex, more Cabernet Franc like, you know, and it's in fact, I, yeah, it's parent of, like one of the OG Carmenettes in this area too, I forget the name of it, I can picture it, but I can't think of the name of it and it's like also the parent of Carmeneras in this area too, but anyways, I digress, it's just beautiful It's elegant.
397
00:29:49,586.02 --> 00:29:51,76.02
It's very Bordeaux like.
398
00:29:51,126.02 --> 00:29:52,36.02
It is very Bordeaux like.
399
00:29:52,96.02 --> 00:29:54,66.02
this is where I will always send people.
400
00:29:55,26.02 --> 00:30:02,511.02
a great Cahors will be 20, whereas a similar Bordeaux of the same quality will be 30.
401
00:30:02,561.02 --> 00:30:07,241.0195
this is the thing about knowing more about wine Gayor is the OG Bordeaux.
402
00:30:07,271.0195 --> 00:30:09,210.9195
this is where things really started.
403
00:30:09,210.9195 --> 00:30:26,380.9195
the Malbec grape from here predates Cabernet Sauvignon and knowing that they're doing the same style and they have the same classical rendering and they're using similar oak profiles, same types of oak, same winemaking styles, all of that creates this wonderful version.
404
00:30:27,30.9195 --> 00:30:31,490.9195
This, this like bizarro world Bordeaux, and it's not Bordeaux.
405
00:30:31,935.9195 --> 00:30:42,322.1435
But it is very similar and much more price, you know, if this is new to you, this is a new wine you haven't had, definitely recommend it.
406
00:30:42,442.1445 --> 00:30:48,142.1445
It has actually some nice acidity that actually enables you to do some really good food pairings.
407
00:30:48,152.1445 --> 00:30:50,512.1445
So experiment, treat yourself.
408
00:30:50,612.1445 --> 00:30:50,962.1445
Yeah.
409
00:30:51,2.1445 --> 00:30:55,262.1445
What would you pair with this, by the way? Probably venison.
410
00:30:55,372.1445 --> 00:30:56,172.1445
Oh yeah.
411
00:30:56,442.1445 --> 00:30:57,542.1445
Speaking of Lebanon.
412
00:30:58,542.1445 --> 00:31:02,412.1445
So now the funny thing is, is this is going to gross everyone out.
413
00:31:02,812.1445 --> 00:31:04,502.1445
But like there's the classic Borderlands meal.
414
00:31:04,502.1445 --> 00:31:06,732.1445
It's also a very classic Bosc meal.
415
00:31:06,972.1445 --> 00:31:09,332.1455
Cause we're, we're pretty close to the Bosc region here.
416
00:31:09,362.1455 --> 00:31:10,685.4465
Do you know what I'm talking about? to say.
417
00:31:10,775.4465 --> 00:31:11,275.4465
Yeah.
418
00:31:11,275.4465 --> 00:31:12,185.4465
That is intense.
419
00:31:12,275.4465 --> 00:31:12,745.4465
It's hard.
420
00:31:12,765.4465 --> 00:31:23,635.4455
I mean, the first time I ever had that, social pressure is such that I actually completed my whole bowl of it, but that first hit was not, but by the end, I was really loving it, especially with the wine.
421
00:31:24,485.4465 --> 00:31:26,185.4455
So yeah, big deal.
422
00:31:26,285.4465 --> 00:31:29,715.4465
yeah, the intensity, you're matching the intensity, the intensity and flavors.
423
00:31:30,175.4455 --> 00:31:30,445.4455
Yeah.
424
00:31:30,445.4465 --> 00:31:33,755.4465
And it'll just rise like that because the, yeah, that is a great pairing.
425
00:31:33,785.4465 --> 00:31:41,605.4465
But if you're not a, like a sick bastard, like I am, you want to do something a little, okay, well, you know, honestly, if I just did like.
426
00:31:42,5.4465 --> 00:31:53,325.4455
a simple filet mignon, right? Because it has no fat, nothing, just good protein finished with a little bit of salt and maybe a little, little bit of like smoked butter on top.
427
00:31:53,335.4455 --> 00:31:53,865.4445
That's it.
428
00:31:54,315.4455 --> 00:31:55,205.445
This would be perfect.
429
00:31:55,225.446 --> 00:31:56,35.446
Smoked butter.
430
00:31:56,85.446 --> 00:31:56,425.446
Yeah.
431
00:31:56,495.446 --> 00:31:56,875.446
Excellent.
432
00:31:57,665.445 --> 00:31:58,645.445
Fantastic.
433
00:31:59,185.445 --> 00:32:03,555.446
Well, I think we've done a good job of covering the basics.
434
00:32:03,685.446 --> 00:32:03,915.446
We did.
435
00:32:03,915.446 --> 00:32:04,565.446
Of pricing.
436
00:32:04,565.446 --> 00:32:06,945.446
There's so much more we could go into, And it's so hard.
437
00:32:06,945.446 --> 00:32:07,955.446
I apologize.
438
00:32:08,380.446 --> 00:32:13,290.446
I mean, I do recommend people, you know, go back, listen, because this is, it's, it's the most important thing.
439
00:32:13,340.446 --> 00:32:37,535.445
It's hard, it's confusing it's not how you want to think about wine, it hurts your brain a little bit, but once you get over that, it makes your life in wine buying so much easier, and also you understand the wine market so much more, and, you know, honestly, you'll actually, Transcribed If your goal ever is to be in the wine trade, or even just to like be closer and just be attached to the wine trade, just visiting wineries, it'll help you understand.
440
00:32:37,555.445 --> 00:32:41,885.445
Also help you communicate with people in the trade because, yeah.
441
00:32:41,925.445 --> 00:32:44,395.445
I'm trying to wrap us up because there is a blinking light.
442
00:32:44,445.445 --> 00:32:45,445.445
So, let's go.
443
00:32:45,465.545 --> 00:32:47,25.445
And with that, I will say for joining us.
444
00:32:47,475.445 --> 00:32:48,135.445
All right, fantastic.
445
00:32:48,575.445 --> 00:32:50,745.445
Leave a comment, tell your friends.
446
00:32:50,795.445 --> 00:32:52,415.445
Cheers, folks, until we meet again.
447
00:32:57,275.445 --> 00:33:00,255.445
Thanks for spending time with us on After Wine School.
448
00:33:00,795.445 --> 00:33:07,905.444
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