From Stacy Slinkard,
Your Guide to Wine.
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Definition: The process of maturing a wine to improve flavor, palate feel and overall experience. Most wines are ready to be enjoyed upon release; however, there are varietals that do tend to improve with age. For example, dessert wines, full-bodied reds (Cabernet Sauvignon and Shiraz)and vintage Ports often mellow and evolve with age. A wine aging rule of thumb, the cheaper the wine often the less it will improve with age.