JIMCOH
October 6, 2020, 4:47pm
41
Perhaps the real good old days were the early 1990s. You could buy a bottle of the 1992 Screaming Eagle at retail for $60, or a bottle of Phelps Eisele cab for $40. That’s $90 and $60 in 2020 dollars, and the wines are respectively 15 and 8 times more than those prices today. Or you could buy a bottle of Leroy’s Clos Vougeot for $200, which is $370 today. That will set you back about $3,000 for the 2014, a factor of 8-9. If we had enough data we could see when the greatest leap in prices took place, but the impact of the global increase and concentration of wealth that has occurred over the past three decades must rank this era near the top.
You’re right Brian. Those looking at the CPI would be better off not using the initials. The C is Consumer and does not apply to “Fine Wine.”
JIMCOH
October 6, 2020, 4:55pm
42
All I really remember for the immediate post college days was Lafite and Latour for around $7.75 and Ch Canon for about $4.75 a bottle.
This was a bit earlier - probably 1971.