Tag Archives: wine values

Spanish wine may offer the best value in the world — part I

Spanish wineThis is the first of two parts discussing why Spanish wine may be the best value in the world today. Part II, with reviews of some of Spain’s best-value wines, is here.

The reasons are many, and they add up to the same thing: Spanish wine, whether red, white, pink, or bubbly, probably offers the best value in the world, and certainly for the cheap wine that we celebrate here.

Count the reasons:

?Continuing political and economic unrest in Spain. The Eurozone’s inability to recover from the recession, combined with Spain’s particular problems (including 25 percent unemployment), have devastated the domestic wine market. Hence Spain’s need to export at very competitive prices.

?Spanish wine staying the province of Spanish companies, as opposed to multinationals buying or taking over Spanish producers. This has allowed Spanish companies to focus on Spanish wine, instead of Spanish wine being one small part of a larger company.

?Spanish producers focusing on Spanish varietals that taste like Spanish wine, saving us from the spectacle of Spanish chardonnay. This switch to the so-called international varietals has been a problem elsewhere, even though the Italians refuse to admit it.

?Improvements in technology, winemaking, and grape growing. This is part of the revolution seen elsewhere in the world, and the Spanish have not been left behind.

?Spain’s relative anonymity in the U.S. market, which means that its wines have to be better and offer more value — not only to attract consumers, but to convince distributors and retailers they’re worth carrying. If you’re going to take shelf space away from cash cows like Kendall Jackson, Yellow Tail, and Barefoot, you’d better be pretty good.

? Some of the best importers in the world, who can find the wines that fit these requirements. I regularly rave about Ole Imports; Hand-Picked Selections is also excellent, and Eric Solomon and Jorge Ordonez have long been bringing in top-flight Spanish wines. And that’s only a handful of the best.