Re:A “Sideways” supply response in California winegrapes
by nicoburns on Tuesday January 25, 2022 @06:19AM
(#30070588)
That's probably true outside of wine-producing regions. In wine-producing regions of Europe, you can get a cheap bottle of wine for €1. It's often decent* quality too.
* well, better than the £5 bottles you get here in the UK
Corollary: the wine in a €4 euro bottle is 3x as expensive as the wine in a €3 bottle €1.50 vs €0.50).
That broadcast was a while ago, so the details might not be exact. But the main point is that after the first (about) 3 euro, you're starting to spend money on the contents. Before, you're literally paying a few pennies for the wine...