What is Fine Wine?

1.What does a fine wine need to be or to have?
Totally unimportant
Of little importance
Of some importance
Important
Essential
Renown/reputation (among members of an appropriate audience)
Being seen as a quality benchmark
Global distribution
Exclusive distribution
Traded on the secondary market (auctions etc)
Value rises over time
Family-owned
Limited production (so rare)
Consistent style/quality
Has an interesting story (of any kind, historic or contemporary)
Accolades (scores, medals etc)
Long History
Food-friendly
Sustainable
Organic
Biodynamic
2.Does a fine wine need to have a minimum quality level?