Posts Tagged ‘Two Hands ‘Harry Edward’s’ Shiraz’

Wine Deal – another Aussie Shiraz – AND …

Tuesday, February 19th, 2008

Although $37 is a lot for a bottle of wine, when others are selling the same bottle for NO LESS THAN $45 and as much as $70 the $37 price tag doesn’t seem so bad.

The Two Hands ‘Harry Edward’s’ Shiraz being sold here for $37 was given positive ratings by both Wine Spectator (91) and Robert Parker (91).

I haven’t tasted this wine so I don’t have much more to say about it…

…but I have A LOT to say about all these Australian wines reaching stratospheric (relative term, I know, but…) prices.   Australia has long been known for economic wines of high quality.  Many of these previously “well priced” wines have since taken their receptive audience, high scores & raised their price to the “luxury” level.  In addition to these luxury wines, many of the under $20 and even under $10 bottles of Australian wine wil likely be raising in price in the near future.  The weakening dollar is affecting all wine imports – Australian wines included.  Furthermore however, Australia has been dealing with a severe drought which has led to much smaller than usual fruit output.  Which means producers will be making less wine & the supply of Australian will be down.  Simple economics tells us that as long as the demand is there, as the supply goes down the prices will be driven up.

I bring this up as I think that this will be one of several factors leading consumers here in the US to try wines from new regions (hello Israeli wines), maybe ones where the price may suddenly make the wines much more appealing relative to their Australian brethren.

Remember, keep an open mind about wine & drink what you like!