Cult Wine
Cult wines are those for which dedicated groups of committed enthusiasts will pay large sums of money. Such wines include, for example, Screaming Eagle from California and Penfolds Grange from Australia, among many others.
Cult wines are often seen as trophy wines to be collected or as investment wine to be held rather than consumed. Because price is often seen as an indicator of quality, high prices often increase the desirability of such wines. This is true even for less expensive wines. For example, one vintner explained that "on several occasions we have had difficulty selling wines at $75, but as soon as we raise the price to $125 they sell out and get put on allocation".
Others wines that fall under the title occasionally are from Burgundy, Bordeaux, Rhône and Italy.
These wines when scored highly by Robert Parker have had a tendency to increase in price resembling the Bordeaux investment market.
Read more about Cult Wine: California Cult Wines, Bordeaux Cult Wines
Famous quotes containing the words cult and/or wine:
“The cult of individuality and personality, which promotes painters and poets only to promote itself, is really a business. The greater the “genius” of the personage, the greater the profit.”
—George Grosz (1893–1959)
“I can no more think of my own life without thinking of wine and wines and where they grew for me and why I drank them when I did and why I picked the grapes and where I opened the oldest procurable bottles, and all that, than I can remember living before I breathed.”
—M.F.K. Fisher (1908–1992)