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Wine (alt.food.wine) Devoted to the discussion of wine and wine-related topics. A place to read and comment about wines, wine and food matching, storage systems, wine paraphernalia, etc. In general, any topic related to wine is valid fodder for the group. |
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Christmas gift wines ... maybe not
Just received a holiday catalog from Haskell's, a wine and
liquor chain in Minnesota. Some nice wines at fair prices, but some of the PER BOTTLE highlights a Cheval Blanc 2005 Bordeaux $1,399.99 Margaux 2005 Bordeaux $1,399.99 La Tache 2005 Burgundy $4,900.00 Richebourg 2005 Burgundy $6,800.00 Romanee Conti 2005 Burgundy $12,500.00 Wow! Happy Holidays to all, Dick R. |
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Christmas gift wines ... maybe not
On Dec 9, 12:21*am, "Dick R." > wrote:
> Just received a holiday catalog from Haskell's, a wine and > liquor chain in Minnesota. Some nice wines at fair prices, > but some of the PER BOTTLE highlights a > Cheval Blanc 2005 Bordeaux $1,399.99 > Margaux 2005 Bordeaux $1,399.99 > La Tache 2005 Burgundy $4,900.00 > Richebourg 2005 Burgundy $6,800.00 > Romanee Conti 2005 Burgundy $12,500.00 It will be interesting to see if there are some sales of ultra high priced goods after the holidays, since many of the very rich around the world have lost millions on paper, at least for now, and may likely be in no mood to buy such expensive products. Petrossian lists Imperial Special Reserve Persicus caviar at US$ 1257 for 1 3/4 oz(50g) or $12200 for 17 5/8 oz(500g). I believe this comes from Iran. It is not now legal to sell Beluga in the US because of the endangered status of this huge fish. The price of higher grades of caviar has increased greately for many years now. If this continues, the best caviar will sell for the price of gold, and the above now is over 1/2 the price of gold. I wonder if there will also be some caviar sales after the holidays. |
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Christmas gift wines ... maybe not
Mike Tommasi wrote:
>> It will be interesting to see if there are some sales of ultra high >> priced goods after the holidays, since many of the very rich around >> the world have lost millions on paper, at least for now, and may >> likely be in no mood to buy such expensive products. > > Well, all speculative instruments, wines included, would be hit. So the > net result should be neutral, the devalued assets of the formerly rich > should be enough to cover these now devalued wines. I've actually been looking at this in the context of recent auction results. What I've observed has been a definite softening of the market for non-cult status wines, but continued strength of prices for the trophy wines (First Growths, DRC, Guigal LaLas, Gaja, etc.). For the near term, this probably means that the price increases for trophy wines will decrease, but I have yet to see anything like actual price decreases in the secondary market for wine. Mark Lipton -- alt.food.wine FAQ: http://winefaq.cwdjr.net |
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