Bride & Groom MOM Subscribe

Find Local

Capital Comment Blog > Local News

Signs of an Economic Recovery?

An e-mail advertising wine for nearly $700 a bottle made us wonder if it’s a sign the economy is bouncing back.

Photograph by Flickr user Josh Kenzer.

This week I received an e-mail from Calvert Woodley Wines and Spirits that read, “Lafite Rothschild is one of a handful of wine names that stops people in their tracks.” No argument there, but the price of the 2011 vintage—$689 a bottle, or more than $8,000 a case—caused me to wonder if this is a sign of an economic recovery. Are people spending this kind of money again?

It’s a 30 percent drop in the bottle price from a year ago, as if a price break will lure tight-fisted wine connoisseurs back into the habit. After the economy crashed in ‘08, casual wine buyers, and even collectors, balked at astronomic prices.

Wine Spectator gave the 2011 Lafite a score of 93 to 96 points. Whether you think it’s a sign of recovery or just a ripoff, the bottle you buy today won’t be available for pickup for another year, and won’t be drinkable for several years after that.

Read Next

Ronald Kessler Talks About Breaking the Secret Service Scandal

blog comments powered by Disqus

Most Popular on Washingtonian

The Best Cheap Restaurants in Washington, DC

A Gay Republican Who Worked for Obama and Lived in DC Wants to Be Maryland's Next US Senator

Things to Do in DC This Weekend June 25-28: Smithsonian Folklife Festival, Cat on a Hot Tin Roof, and "Waterweavers"

Inside Roberta Flack’s Former Home in Hollin Hills

Where to Watch Fireworks in DC for the Fourth of July

This Hole-in-the-Wall DC Dominican Restaurant Serves Every Team That Plays the Nationals

Your Ultimate Guide to Eating Cheap in Washington, DC

Cuteness Overload: What You Can Expect to See at DC's First Cat Café

The Best and Worst Sandwiches to Order at Jimmy John's