Inflated Wine Prices

by: PAUL FRANSON
on: Napa News

In the latest issue of the Wine Spectator, respected long-time editor and Napa resident Jim Laube laments that many $80 wines are really only worth $20 except that their producers' egos won't let them sell the wines for that little. He adds that in current economic conditions, any wine priced at more than $40 is susceptible to consumer resistance.

His comments are a bit ironic since the Wine Spectator -- and Jim -- have glorified these pricey wines for years. Like Dr. Frankenstein, he's condemning the monster he created.