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Wine is an alcoholic beverage produced by the fermentation of grapes and grape juice.

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At the highest end, rare, super-premium wines are amongst the most expensive of all foodstuffs, and outstanding vintages from the best vineyards may sell for thousands of dollars per bottle.

Red wines, at least partly because of their ability to form more complex subtleties, are typically more expensive. Some of the most expensive come from Bordeaux and Burgundy.

Such premium wines are often at their best years or even decades after bottling. On the other hand, they may spoil after such long storage periods, unbeknownst to the drinker about to open the bottle.

Part of the expense associated with high-end wine comes from the number of bottles which must be discarded in order to produce a drinkable wine.
 

Does glassware really affect the wine tasting experience? At Seattle's Taste Washington wine and food festival, a Riedel executive leads participants on a tasting of wine in various glasses. Each participant will take home a set of four Riedel Vinum Extreme series glasses. Serve the reds in big Riedel wine glasses with plenty of room to breathe, yet the pour should not be skimpy.

The proper way to serve fine wine is in the correct
Riedel wine glasses
poured from a Riedel decanter.

"The finest glasses for both technical and hedonistic purposes are those made by Riedel.
The effect of these glasses on fine wine is profound. I cannot emphasize enough what a difference they make."
(Robert M.Parker, Jr. The Wine Advocate)

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Riedel wine glasses
Wines may be classified by the year in which the grapes are harvested, known as the "vintage". "Vintage wines" are made from grapes of a single year's harvest, and are accordingly dated. These wines often improve in flavor as they age, and wine enthusiasts will occasionally save bottles of a favorite vintage wine for future consumption.

For most types of wine, the best-quality grapes and the most care in wine-making are employed on vintage wines. They are therefore more expensive than non-vintage wines. Whilst vintage wines are generally made in a single batch so that each and every bottle will have a similar taste, climatic factors can have a dramatic impact on the character of a wine to the extent that different vintages from the same vineyard can vary dramatically in flavor and quality.

Superior vintages, from reputable producers and regions, will often fetch much higher prices than their average vintages. Some vintage wines are only made in better-than-average years. Conversely, wines such as White Zinfandel, which don't age well, are made to be drunk immediately and may not be labeled with a vintage year. There are exceptions though. French Champagne is often non-vintage, but still expensive. It can sometimes profit from aging 2-3 years and some Prestige Cuvées even much longer.
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Source: http://en.wikipedia.org/wiki/Wine

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