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Slightly off-topic, but if you genuinely think that there's no such thing as high-end wine, I feel a little sorry for you. Surely you can tell the difference be
by skibble 9y ago
Slightly off-topic, but if you genuinely think that there's no such thing as high-end wine, I feel a little sorry for you. Surely you can tell the difference between the Budweiser/Calsberg-type beer and beer from an independent brewery? If so, then surely you can imagine the same might be true of wine? I get that the fact that some bottles cost thousands may offend some people's sensibilities, but this hardly covers the wine mainstream and is usually down to intangibles that go beyond the wine itself, just like a piece of art.
It's certainly the case, of course, that while there's a big gap between a $10 and a $50 bottle of wine, naturally the gains for price points above that get incremental pretty quickly in much the same manner as TVs — is a TV that costs $9,000 over four times as good as a $2,000 model?
Wine experts often stumble on double-blind tests, sure, but then again, so do audiophiles trying to differentiate lossy and lossless audio.
- DanBC 9y agoA handful of people might be "super tasters" and be able to tell the difference. I suspect most people in a properly run double blind test would be able to tell you what they like, but that wouldn't be repeatable over time and it wouldn't correlate with price. Your last sentence about audiophiles is odd, because everyone knows audiophile hifi is full on nonsense.
- skibble 9y agoSorry, yes I should clarify. What I mean to say by that is that while there is objectively a difference between a 256kbps MP3 and a FLAC copy of a song, it's very hard to discern, but the difference is there. But personally, I can't imagine being unhappy with a $30-50 bottle of wine. I suppose this is part of the attraction here — mattresses aren't a regular purchase and the notion of 'cutting out the middleman' is a big part of the value proposition for lots of companies these days (Warby Parker and Everlane make a big play of this in their marketing). Being able to slap a label on someone else's product and have them handle both production and distribution while you just do the marketing is the dream for a large chunk of the Valley, I guess!
- dalbasal 9y agoI feel a similar way about micro-brews. It's good because people think it's good. They think it is good because of cultural/narrative reasons. It's not good for any underlying or objective reason. If Budweiser made a beer that tasted like micro-brew, the connoisseurs would be drinking a micro-brew that tastes like budweiser. Don't feel bad for me though :) Being a philistine is not life-threatening. Wine is a good example because it's proven to be nonsense. Neither experts nor consumers can rank wines for taste in either a consistent way or a way that corresponds to price. Prices & blind test preferences are random. OTOH, people demonstrably prefer expensive wine when they know it's expensive. This comes back to my earlier point, it's not all economics. Human beings are complicated. In these cases, some of us want to pay a premium for a premium product. There is no such thing, so the market spoofs it.
- jccalhoun 9y ago>It's good because people think it's good. They think it is good because of cultural/narrative reasons. It's not good for any underlying or objective reason. I just want to point out that this is true of basically all food, drink, and art. https://en.wikipedia.org/wiki/Distinction_(book) https://en.wikipedia.org/wiki/Distinction_(book)
- dalbasal 9y agoAt some level, value is a matter of taste. I agree. Is this $900 phone better than this $200 phone, or two $200 phones? IDK, but at least they are different. The question is not (IMO) about absolute rationality, but having enough rationality to drive a market. Wine & mattress markets don't have it. You can't offer a near identical wine or mattress cheaper than market price and expect it to disrupt the market, forcing competitive price-cutting.
- the_gastropod 9y agoBeer is somewhat different here, in that it is not just one ingredient. One reason Budweiser/Carlsberg are not "high-end" is they use ingredients that make production cheap. For example, both of these beers use rice, which is a much cheaper source of sugar than barley. But when you get to comparing full-barley beers from Anheuser-Busch vs a micrcobrewery, you'll find just as much pretense as in the wine world.
- rmcpherson 9y agoThis is all true, however even among all-malt beers there is significant variance in the quality of ingredients. That doesn't mean that there is no pretense but that high-quality beers can be measurably better (GCMS, blind sensory tests etc.) than less expensive ones made with cheaper inputs.
- astura 9y agoBut it certainly hits a ceiling at some point. I've had really expensive beer and it doesn't taste any different than moderately priced beer.
- astura 9y agoBeer made by independent breweries doesn't taste better by virtue of being independent or small. There's some bad beer made by craft breweries out there. Furthermore, some formerly independent breweries are owned by Budweiser, but that doesn't make their beer suddenly taste bad. Goose Island has been owned by Budweiser for 7 years now, for example.