Thread: Sticker shock
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lleichtman lleichtman is offline
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Default Sticker shock

On Apr 24, 1:30*pm, Mark Lipton > wrote:
> I just saw some estimated prices for the much ballyhooed '09 Bdx wines.
> *It's been a few years since I last paid much attention to new releases
> of Bdx, but my first reaction was one of shock. *First growth pricing
> was consistently at $1000-2000 per bottle and many former (relative)
> bargains such as Montrose and Pichon-Lalande are going for $300-350 a
> bottle. *Granted, there were a few standouts such as Gruaud-Larose and
> Leoville-Barton that still had reasonable pricing, but they were the
> rare exception. *It was not that long ago that most of these wines were
> retailing for 1/4-1/5 of their current prices.
>
> Some of this is the result of RMP's hype:
> <http://www.independent.co.uk/money/spend-save/wine-investors-raise-a-...>
>
> but that only explains a fraction of the overall effect. *So, has it
> been demand from China that's fueled this rise? *Growing demand and
> limited supply?
>
> Cornfuzzedly yours,
> Mark Lipton
>
> --
> alt.food.wine FAQ: *http://winefaq.cwdjr.net


Well, I guess I won't be buying any top tier growths. Hope this
doesn't extend down the line. Looks like the Chinese are really
skewing the market.