David M. Bueker wrote:Adjusting for inflation is in fact very important. $8 in 1982 is over $19 today based on historical inflation rates. Even if we move the $8 forward to 1989 it still ends up over $15.
Yeah, I was conscious of that, although the last jump from $15 to $20 did not seem to encompass a period of much inflation, it seems to me, so there's that.
Also, while I agree with Jancis that low-end wines are more likely to be technically correct nowadays, my sense of it has been that the marketplace is moving that niche more toward cheap-but-spoofy, frooooty high-alcohol fluids that I don't much care for. There are some princesses to be found among the frogs, though, I agree; and I'm reassured by your reality check on Chambers Street's low-end stuff. Maybe the weaker Euro IS starting to come to bear? So there's hope. But I'll still stand (for now) on my assertion that the QPR "sweet spot" is shrinking, and I don't like it.
