Gabriel Geller wrote:Agreed, I think this is a clear case of "Rogov's score price inflating" effect, something that was expectable upon reading his TN when he first posted it. I even don't have to look it up, I clearly remember it "rating it on a hedonistic basis (...) 96-97 for the sheer pleasure it gives but 93 in a more standard manner". A truly great wine indeed but there should be a limit when it comes to take advantage of people.
Actually, per the comment by Daniel Kovnat in the other thread that (that Isaac Chavel linked to), any price increase on these is far more likely to be the result of Mark Squires scores than of Rogov's write-ups. Keep in mind that Recanati is imported into the US by Palm Bay Imports, a company that does not carry any other kosher wines and is one of those exceptions to the distribution hurdles generally associated with being imported by a company that had no previous kosher distribution network to plug into. Also, of course, only so much stock was imported and that limited supply was divided up between their various distribution markets/regions. Hence the price jump. While I've no doubt that the winery is delighted at the thought that their wines can command such prices in the US market, and having hit that mark I've also no doubt that they shall not be too eager to see the prices come down ever, but I would not be at all surprised if they were not the source of the initial price jump. Unfortunately, the price will not come back down so long as market forces determine that the price is acceptable to the market. If the more expensive wines sell out in the time expected and at the price commanded, then it will not trend down anytime soon.
Could be worse. My favorite example is the non-kosher (in every sense) Harlan Estate wines. Harlan Estate was conceived and produced as an over-expensive "cult wine" and was priced at the $60-70 mark when it first hit the market with its early 1990s vintages (the 1990 vintage was first released in 1996). Robert Parker gave it a 98 score right out of the starting gate, and since then four Harlan wines have earned 100 point scores, and the prices have jumped to over $500 per bottle (last time I looked, probably much higher now).
Now I am NOT the target market for Harlan wines, and I have never tasted a Harlan wine. Frst, because it is not kosher, second, because I have never and never will spend such sums for single bottles of wine. Further, I am offended by the entire enterprise of "cult wine" playthings created by rich people for ego and sport. Hell, even Parker has objected to the price hikes. Yet the wines sell at thos eprices, and even worse at auction.
Within the kosher wine world, we do have such pricing strategies too. Not the "cult wine" thing -- so far as I know -- but the ego, prestige and greed thing. How else to explain, for example, the kosher edition of Château Léoville Poyferré Saint-Julien 2005 commanding $250 per bottle! Yet the wine has sold at that price. I've tasted this one, and it is impressive and an excellent wine -- but at that price!?!? So even though there is no more Rogov to help validate such extravagant pricing for a kosher run of a deuxième cru, don't expect that price to substantially fall anytime soon - if ever.