No, you can definitely still drink it! Red wines will last anywhere from ten years and beyond, and are probably the longest lasting type of wine available. White wines, such as a chardonnay, will only last a couple of years.

Hope I was of some assistance!

Enjoy,
- Beau Brown

It depends. Bordeaux's have typically had very long shelf lives, improving with age. According to Frank J. Prial who wrote about the '82 Bordeaux's in the New York Times in 2002 there was concern that the '82's wouldn't hold up because of their low acid content and high alcohol content. His opinion is that these early doubters have been proven wrong and that these wines have held up quite well, The wines from quality vineyards have improved with time while those from lesser houses have faded.

You didn't mention which house your wine came from but in any case the real proof is in the drinking. You've already bought and paid for the wine, you might as well give it a try. Either it will be quite drinkable, if not you can always use it in a marinade or a sauce, If it's from one of the top shelf wineries you might want to consider selling it at auction.

Here are the prices of some of the better vintages from the NYT of 2002
"A few current prices per bottle: Mouton-Rothschild, $800; Lynch-Bages, $230; Haut-Brion, $500; Pichon-Lalande, $450; and Cheval Blanc, $750. Occasionally one turns up in the $100 to $150 range, just for casual drinking, of course."