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Wine Cost: What's in your bottle?

Monday, 25 Aug 2014 | 5:00 PM ET

What makes one bottle of wine cost $15 while another can go for $1,000? Joe Bastianich, an award-winning James Beard Wine and Spirits professional and an investor on CNBC's "Restaurant Startup," says land costs, scarcity, production time, and even wood can drive up wine prices.