tag:blogger.com,1999:blog-1392866426745021699.post3953288467300205623..comments2024-03-28T07:27:16.088+01:00Comments on The Wine Gourd: Laube versus Suckling — do their scores relate to wine price?David Morrisonhttp://www.blogger.com/profile/11578729952036086391noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1392866426745021699.post-5630301110790358002018-04-25T12:40:30.566+02:002018-04-25T12:40:30.566+02:00In 1989, Robert Parker was interviewed by Wine Tim...In 1989, Robert Parker was interviewed by Wine Times magazine (later rebranded Wine Enthusiast magazine).<br /><br />He discussed how his 50 to 100 point scoring system worked. And what he considered good value for the money wines.<br /><br />Some excerpts:<br /><br />PARKER: ". . . My [scoring] system applies best to young wines because older wines, once they've passed their prime, end up getting lower scores."<br /><br />. . .<br /><br />PARKER: ". . . I buy wines, and I buy wines that are 85 or 86 [points], not below that. But to me 90 [points] is a special score and should be considered 'outstanding' for its type."<br /><br />WINE TIMES: "How do you determine merit versus value in a wine? Are there wines that will never get an 85 [point score]? How do you compare the Chenin Blancs of the world with the . . ." [ question interrupted ]<br /><br />PARKER: "I had the two best Chenin Blancs I ever tasted out of California last year [circa 1988], and one [1987 vintage Preston] got 87 [points], I think, and the other [1987 vintage Pine Ridge] 86 [points], and they were both $6 bottles of wine. Most people are looking for good values, and I have a responsibility to these readers. The scores are given based upon quality not price. . . ."<br /><br />WINE TIMES: "You are arguing price versus quality. Take a $30 bottle [of] wine. To get an 87 [point score] does it have to show much better than a $7 bottle?"<br /><br />PARKER: "No. It's one man's opinion, but I think that 87-point [1987 vintage Preston] Chenin Blanc can go right on the table next to a Leflaive white Burgundy rated 87 [points]. They will give you different sets of flavors, but are every bit as good as each other. That's the way the system was meant to work."<br /><br />My advice:<br /><br />IF you wish to chase after ParkerPoints [insert registered trademark here], and IF you embrace Parker's philosophy that identically scored wines are "every bit as good as each other" [read: same quality], THEN practice "wine pricing arbitrage" and find the least expensive wine in the retail market at that Parker score.<br /><br />That will boost your Quality-to-Price Ratio, because incremental Quality is rising faster than incremental Price.<br /><br />(What accountants and financiers and economists and marketers know conceptually as "marginal analysis.")<br /><br />Just hope the chosen wine's style agrees with you . . .<br /><br />You don't want to experience cognitive dissonance:<br /><br />https://mir-s3-cdn-cf.behance.net/project_modules/disp/db950c3989818.5601cbb9befe6.jpg<br />Bob Henryhttps://www.blogger.com/profile/02089688073031173053noreply@blogger.comtag:blogger.com,1999:blog-1392866426745021699.post-72267571274258352782018-04-25T03:54:03.158+02:002018-04-25T03:54:03.158+02:00Vivino and other crowd sourced scores are utterly ...Vivino and other crowd sourced scores are utterly unrelated to price. They come from people with no knowledge or great knowledge and all scores are tossed together, even though some should be ignored. It's a useless way to get anything of value. <br /><br />This is interesting, but would be more so with current data.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1392866426745021699.post-34746421413197887332018-04-24T21:37:35.221+02:002018-04-24T21:37:35.221+02:00Laube does not appreciate French wines. We can saf...Laube does not appreciate French wines. We can safely ignore those scores.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1392866426745021699.post-13273244610273089962018-04-23T16:51:41.094+02:002018-04-23T16:51:41.094+02:00Thanks for your comment. Using Vivino is an intere...Thanks for your comment. Using Vivino is an interesting idea, which I have not yet explored.<br /><br />My summary of methods for identifying QPR wines covers several blog posts, starting here:<br />http://winegourd.blogspot.com/2016/07/quantifying-value-for-money-wines-part-1.htmlDavid Morrisonhttps://www.blogger.com/profile/00276520192744208262noreply@blogger.comtag:blogger.com,1999:blog-1392866426745021699.post-5135860192307577582018-04-23T02:13:34.514+02:002018-04-23T02:13:34.514+02:00Or just click here https://www.facebook.com/TheOth...Or just click here https://www.facebook.com/TheOtherBordeaux1/posts/367575117079616Anonymoushttps://www.blogger.com/profile/11590827549231472801noreply@blogger.comtag:blogger.com,1999:blog-1392866426745021699.post-55266495429949630172018-04-23T02:11:45.405+02:002018-04-23T02:11:45.405+02:00Great post.
I have been graphing Vivino average qu...Great post.<br />I have been graphing Vivino average quality scores against price. Conclusion: at any price point you only get good value for money if you pick from the top 5 to 10% of wines. I.e. 90-95% of wine is overpriced compared to other wines of similar quality and you’d be better off trading down. Unlike professional critics though, if you just look at the top 5-10% of wines as rated by vivino users there is a very strong relationship between quality and price. You’ll find a sample graph showing this relationship for price and quality about 4 posts down on my The Other Bordeaux Facebook page. Anonymoushttps://www.blogger.com/profile/11590827549231472801noreply@blogger.com