• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Rioja: Wine region of the year

By
Scott Olster
Scott Olster
Down Arrow Button Icon
By
Scott Olster
Scott Olster
Down Arrow Button Icon
January 20, 2012, 5:52 PM ET

By Gregory Dal Piaz, Snooth



Photo: Alex Porta/Flickr

Looking back on my reams of tasting notes and experiences, one thing really stuck out in 2011. Rioja is producing some of the finest wines available at prices that can make a Scotsman blush. Rioja is my region of the year for 2011. The northern Spanish wine region has proven that its wine ages as well as any other, and can age even better than many more famous and costly examples. The ability of a wine to age, to improve in the bottle while morphing into something profound, is one of the core elements that makes wine such an attractive and enthralling subject.

Like many wine regions, Rioja went through a rather convulsive final decade of the last century. With massive investments, technological temptation, and a marketplace that seemed intent on replacing all that had come before it with oaken power, it was  difficult for many producers to resist the urge to join the modern set.As with almost all wine regions that saw their pendulum swing past their apex, we are now seeing it come back down, perhaps more slowly than on the way up, but without a doubt, Rioja’s tides are changing. Let me just state for the record that while I appreciate a good Luddite, I am not myself a practicing member. But having a variety of wine styles successfully implemented in a region is, if nothing else, a safe and secure business choice and one that I applaud.

Not only do I applaud the region for the simple financial advantages it offers, but also because not everyone is cut out to be a traditionalist winemaker. Being an old-school winemaker takes certain attributes, not to mention terroirs (a term for the environment in which a wine is produced), of which there are simply not enough to go around. If we forced all winemakers to make the style we preferred, say “natural” for example, I am afraid that many would fail and the few who succeeded would have the market all to themselves. We would be kicking our collective selves as consumers would be given little choice as to what to drink and would be paying more. With wine made in hyper-traditional and hyper-modern styles and all that falls between, Rioja is able to satisfy nearly all palates.

And the final factor, the keystone of Rioja’s choice as Snooth’s region of the year in 2011, is simple. It is pricing. I tasted so many $30-and-under wines from Rioja this year that simply blew away almost all other wines at the same price point. Even at higher price points, the values are still there. And at lower price points, there is simply no competition.

Think of what you get when you plunk down $20 on a 2004 Rioja Gran Reserva, for example. You’re getting a beautiful wine that has been lovingly aged for you. Yes, part of Rioja’s appeal is the regional requirement that Rioja producers  age your wine for you, before you even pay for it. This is no futures scam, it’s a bureaucratic anomaly.

Rioja is a region you must explore in 2012. The wines are simply too good to ignore and they are continuing to improve. Producers are learning where to join the line with more modern interpretations of Rioja, and even the traditionalists can’t argue that they benefit from increasing awareness and improvement of viticultural and cellaring concerns.

About the Author
By Scott Olster
See full bioRight Arrow Button Icon

Latest in

The Boeing logo is displayed on a sign at their building.
NewslettersCFO Daily
Boeing’s new CFO sees ‘performance culture’ driving a return to positive cash flow next year
By Sheryl EstradaDecember 3, 2025
13 minutes ago
Price of silver for December 3, 2025
Personal Financesilver
Current price of silver as of Wednesday, December 3, 2025
By Joseph HostetlerDecember 3, 2025
26 minutes ago
CryptoCryptocurrency
Exclusive: Harvard grads raise $20 million for Ostium, a platform focused on a derivative popular with crypto traders
By Ben WeissDecember 3, 2025
27 minutes ago
MagazineMedia
CoComelon started as a YouTube show for toddlers. It’s now a $3 billion empire that even Disney can’t ignore
By Natalie JarveyDecember 3, 2025
57 minutes ago
SAN FRANCISCO, CALIFORNIA - SEPTEMBER 04: Anthropic Co-founder and CEO Dario Amodei speaks at the "How AI Will Transform Business in the Next 18 Months" panel during INBOUND 2025 Powered by HubSpot at Moscone Center on September 04, 2025 in San Francisco, California. (Photo by Chance Yeh/Getty Images for HubSpot)
InvestingAnthropic
Anthropic considers IPO despite warnings that excess liquidity is blowing a bubble in the markets
By Jim EdwardsDecember 3, 2025
2 hours ago
NewslettersTerm Sheet
Exclusive: Angle Health raises $134 million Series B to grow its AI-driven healthcare benefits offerings
By Allie GarfinkleDecember 3, 2025
2 hours ago

Most Popular

placeholder alt text
Economy
Ford workers told their CEO 'none of the young people want to work here.' So Jim Farley took a page out of the founder's playbook
By Sasha RogelbergNovember 28, 2025
5 days ago
placeholder alt text
Success
Warren Buffett used to give his family $10,000 each at Christmas—but when he saw how fast they were spending it, he started buying them shares instead
By Eleanor PringleDecember 2, 2025
1 day ago
placeholder alt text
North America
Jeff Bezos and Lauren Sánchez Bezos commit $102.5 million to organizations combating homelessness across the U.S.: ‘This is just the beginning’
By Sydney LakeDecember 2, 2025
22 hours ago
placeholder alt text
Economy
Elon Musk says he warned Trump against tariffs, which U.S. manufacturers blame for a turn to more offshoring and diminishing American factory jobs
By Sasha RogelbergDecember 2, 2025
21 hours ago
placeholder alt text
C-Suite
MacKenzie Scott's $19 billion donations have turned philanthropy on its head—why her style of giving actually works
By Sydney LakeDecember 2, 2025
1 day ago
placeholder alt text
North America
Anonymous $50 million donation helps cover the next 50 years of tuition for medical lab science students at University of Washington
By The Associated PressDecember 2, 2025
1 day ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.