Long Island Whine: Are LI Wines Really Over-Priced? Or are We Looking at Them From the Wrong Perspective? Just like the wines we drink, any discussion of wine prices and price-to-value ratios is always a complex and layered one. There are dozens of factors that help a winery’s management decide what to charge for its wines, including land costs, labor costs, market pressures, and supply and demand. The list goes on and on. The idea of “value” is even tougher to pin down as it’s so subjective and affected by things like the media, mood and personal perception. So before…