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Dear Dr. Vinny,

What’s the most expensive wine in the world and why?

—Demetris, Cyprus, Greece

Dear Demetris,

As of today (wine auctions are constantly going on, threatening to make this old news), it’s a bottle of 1869 Château Lafite that sold for $233,973 about a year ago.

Why? Well, Lafite has a terrific reputation, and that’s a very old, very rare bottle of wine with an obviously high demand. It also helps that the wine was from Lafite’s own cellars—wines that come straight from the source are worth more than wines that have traded hands.

—Dr. Vinny

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