It's not a well kept secret that I'm a politics junkie. I have a Master's Degree from George Washington University in political management. The data and science of politics is my number one hobby. So I'm a big fan of Nate Silver and his 538 website. And that's how I came across this article.
And that's the great thing about 538. They cast their eye far and wide for interesting ways to look at data from a fresh perspective... to help make sense of the world... whether that's the next election or high-brow wine auctions. It's a long read, but very interesting.
So we come back to the topic of the cost of wine: how can reasonable people look at a dusty bottle of 70 year old fermented grape juice and come to the conclusion that it should cost thousands of dollars?
I think the author, Oliver Roeder, gets to the nub of the situation at the very end of the article: the cost of the wine isn't necessarily related to it's value.
Drink the wine that makes you happy.