Wine experts can’t resist making predictions. In 1990

 

“Wine experts can’t resist making predictions. In 1990, wine lover Richard Nixon prophesied that the Chinese would someday match the French in the quality of their wines; this despite a Chinese carte des vins that featured sweet red wine and a grape called Cow’s Nipple. In the mid-1980s, a well-known New York wine merchant asserted that an $8 Cabernet from Chile was as good as Lafite, and auction prices would eventually reflect this little-known fact. Wine coolers too, as I recall, were expected to expose a vast new market to the pleasures of wine drinking. The coolers bombed, [a nice bottle of Lafite will set you back $250 or more], and Chilean cabernet is still mostly eight bucks.” — Stephen Tanzer, Forbes, May 6, 1996

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