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CabFan
 
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Default Anyone going for '03 Sauternes futures?

Jason,

It depends on where you live and what the availability will be like after
the wine actually is released. In Alabma, we get such limited quantities
that if you didn't buy on futures you would probably be out of luck
(especially in a year like 2003). However, if you live in a major market
(NY, San Fran, Chicago, etc.) then the quantities available will probably
let you decide if you want to wait until they release.

The disadvantage to buying now on futures is that the dollar is so weak
against the Euro that if the situation improves over the next 2 years before
release, you will have paid more just because of exchange rates. So it's
really a gamble on that score, though I tend to believe that within 2 years
the dollar will be stronger....

And the short answer to your question is that I will be buying futures due
to the limited availability in my market plus my desire to keep my
collection strong in my favorites.

Cheers,
Gary