New York Times : Mystery of the $75 Chateau de Beaucastel

posted by Taste Fine Wine Merchant, 30 June 2016

A good article from Jan 6 2012 - by Eric Pfanner in the New York Times

PARIS — While browsing through a Paris wine shop before Christmas, my eyes fell on an old favorite: Château de Beaucastel, one of the most celebrated red wines of Châteauneuf-du-Pape in the Rhône Valley of France.

It was the 1998 vintage, widely considered one of the best of recent decades for Châteauneuf-du-Pape. Yet something didn’t seem quite right. “Sale, 30 percent off,” the sign read. “€59.95.”

Now, I know that €60, or about $76, might seem like a lot to pay for a bottle of wine, but for ’98 Beaucastel it is a steal. The brand new 2009 vintage of Beaucastel goes for around €60; for the same price, this retailer was offering the chance to uncork a mature (or close to it) example of one of the great wines of France. I have seen the 1998 elsewhere for more than €100.

Read the whole article here