Admittedly I'm Northern California-centric when it comes to my wine knowledge and preferences. Most of my very limited knowledge on Old World wines is picked up from the occasional tidbit in a wine forum or a wine magazine. I've heard rumblings for a few years about Bordeaux prices, but had no idea. The last time I paid attention they were running about 150 bucks.
Having just started a subscription for the Wine Spectator magazine to expand my horizons the April 30, 2011 issue shows up in the mailbox. It has reviews for several high-end French wines. Here are a few from that issue. I hope you're sitting down.
The first one that caught my attention was a Chateau Ausone St.-Emilion that got 94 points. A great rating. All that for $1,200. No, that's for a bottle. And that's not even from the fancy part of Bordeaux. With more reading I came up with a couple more examples.
Interestingly, you can find wines in the $25 range mixed in with these in the ratings. Yes, Rothschild and Petrus are highly sought after wines so it's supply and demand.
In early March I was out tasting on a local special event weekend, the Russian River Barrel Tasting, and recall one excellent Cabernet from a tiny winery named Krutz. I was thinking after I sampled the wine, "Wow. Really good! But 75 bucks?"
I feel like such a cheap bastard.