Global Wine Market: How Europe Competes

There is a sense that European wines, while good, are expensive. In actual fact, European wines compete price-wise with Southern Hemisphere wines. The following table provides data on wines priced $15 or lower that scored 89 or more by Wine Spectator tasters (my experience is that a Wine Spectator 89 rating denotes a good wine). 64% of the reds and 38% of the whites with scores of 89 or better were from Europe. That means there are plenty of good, reasonably priced European wines available.